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

To: Chris who wrote (42052)	2/6/2001 12:38:57 AM
From: JRI	Respond to of 42787

What could be very interesting tomorrow: We've seen quite a bit of rotation from Dow to Naz to Dow, etc...now, both indices are set up for potential upside "breakouts" or, at a minimum, the opportunity to define the near-term trend....problem may be, however, that Dow and Naz have not shown the desire to rally together very often lately...often one at the expense of another... So if the Naz goes up tomorrow, but Dow fails to break 11k....what would that mean (for the near-term)? Can the Naz really get that far, with the Dow unable to break such a critical number? Conversely, if Dow break 11k, and Naz fails to rally well....I'd think we'd seen continue rotation from Naz to Dow....neither scenario really painting a healthy picture for the overall market.... Given how many have discussed how "seminal" tomorrow's activity is (technical signs saying we are on a breakout point- one way or another very soon), I just thought this was worth mentioning..."Going to 3000" bulls, therefore, it seems, need to see a good rally out of both the Naz AND Dow tommorrow to confirm trend.... Tomorrow could be very interesting indeed....In light of your point about the high volume on IBM's gap up, I'll be real careful...