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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: dennis michael patterson who wrote (34386)10/30/2000 11:50:49 PM
From: bobby beara  Read Replies (1) | Respond to of 42787
 
dennis a lot of tech stocks look like they are making bear flags off the october bottom, including sox.

i think tech is still overowned and oversought after, the flip side of the motha of a bull tech markitz in tech, will be "i is cryin the tech stock blues"

when u start talking about buying airlines or chemical companies (or worse yet gold miners -g-) we will have hit bottom in tech -gg-



To: dennis michael patterson who wrote (34386)10/31/2000 7:17:36 AM
From: donald sew  Read Replies (2) | Respond to of 42787
 
Dennis,

>>>> SOX Reversal? securitytrader.com. <<<<

I think so. We may still get a few days of churning, but Im suspecting that we will start to see a reversal in the SECTOR ROTATION where the NAZ should start to move up at the expense of the DOW, or at least the DOW lagging the NAZ to the upside. Thats why, Im now biased to the long side as of yesterday, for the short-term

Edit: However, we still have those bearish formations in the various indices, so a rally in the NAZ/NDX withing the restraints of the bearish formations.