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Strategies & Market Trends : Market Trend Analysis from MomentuMonkey -- Ignore unavailable to you. Want to Upgrade?

To: Stcgg who wrote (264)	1/29/2001 1:41:23 PM
From: David Lee Smith	Read Replies (1) \| Respond to of 281

MomentuMonkey Indicator 12:30pm CST... SELL! Target price: 1260 Spread: -7.2% Momentum: Neutral Valuation: Very Poor MomentuMonkey Index: 98.36 100% Ultrabear Profunds (2xS&P 500 Index) I agree, the good news is likely factored in the market and the underlying weakness is being denied. What we have is a movement from growth funds into value funds with money moving into the market. That has caused breadth to look better than it really is. Many new highs are made from depressed value stocks, not stocks that have a long upside potential. Many of the new highs are one-time events. The stage is eventually set for nice upside once the growth stocks kick in, but I'm afraid there is where the sucker's rally lies. Buying growth stocks in this market will likely be treacherous for the next several months. As value stocks appear to have peaked co-inciding with a peak in the sucker's rally for growth stocks, the bear trap is now set to melt-down big in the next several days and weeks ahead. Mission control, put on your crash helmets!! I ain't gonna look pretty.