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

To: donald sew who wrote (34393)	10/31/2000 7:28:16 AM
From: dennis michael patterson	Read Replies (1) \| Respond to of 42787

Don, I agree with you on both counts. That is, I think we WILL get a ST rally in the NDX and it will fail. I have been accumulating SUNW, EMC, AMCC and PMCS the last week or so, looking for each to move up smartly when the turn comes. Alcatel had good earnings today. It is the Csco of France, and generally regarded as a very solid networker. Clearly the logic will be "if all is well at Alcatel, then we can buy the networkers." As I mentioned previously, the Naz is driven solely by news and analyst action. Jan Crawley will have a nice profit in her Csco trade. When Csco prints a 49 handle, that will be the turn. I think the rally off the bottom here HAS to be significant. If we were to take out 3040 on the Comp, the fall would be brutal. Best wishes, d.

To: donald sew who wrote (34393)	10/31/2000 8:29:39 AM
From: Joshua Corbin	Read Replies (2) \| Respond to of 42787

we will start to see a reversal in the SECTOR ROTATION where the NAZ should start to move up Heretical thought ahead: What is this thing called "sector rotation?" Is it real or another way to read tea leaves? Let me put it this way: The NAZ and DJIA are like binary switches. They're either up or down. There's such a thing as "unchanged," but it doesn't happen so often. 1.) Either the NAZ will go up or the NAZ will go down. The odds are 50-50. 2.) Either the DJIA will go up or the NAZ will go down. The odds are 50-50. 3.) If the NAZ is up, the DOW will still either be up or down. Same thing if the NAZ is down. So there is a 50% chance that both the DOW and NAZ will be heading in the same direction. There's also a 50% chance that they will be in different directions. One man's sector rotation is another man's random walk down Wall Street!