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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (798)	12/29/2000 1:24:47 AM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 5732

the defensive issues appear to have continued momentum, but where will the money rotate once they're perceived as overbought, and what multiples to utilize to determine such condition?,,,many have pe's that appear to be in line, but not sure how they stack up against the sector. Maybe money will continue to chase money? With that in mind, where to look next? Giving more thought to some of these beaten downs as they will afford greater percentage moves if that's what one looks for, while others go strictly for points. No matter, there might be opportunity. And there are substantial beaten downs to choose from all subsectors of technology, chips, storage, telcos, internet infrastructure...Is it or has it been time for the chips to be revisited? how about the retailers, not necessarily the traditional (although beaten down JCP making a nice move), rather the discounters, like the cost, maybe KR (do they not own Fred Meyer)?...electronics retailers? the bby and cc's?...home furninshings like bbby (I love shopping there and LIN)...tjx? financials, if the interest rates come down, what will that mean to the housing industry?...this is no secret as they've begun their ascent... Intersting times with earnings season about to expose potentially more cracks in the system. I think about the rip roaring times we had. Had we given thought to the overbought state of the market last year, earlier this year, how many of us would have been on the sidelines waiting for the pullback that finally materialized after moving forward for over 2500 points in a year's time? Sometimes, gotta have a little created and blind luck on your side. Yes, put on the blinders, stick to the charts, and block the fundamenttal noise. Conversly, gotta know when the party's over. Too much information can be dangerous at times. anyway, just thoughts...