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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: el paradisio who wrote (69199)	2/14/2001 7:24:32 PM
From: KevinMark	Read Replies (1) \| Respond to of 99985

>>>Looks like sector rotation started today.<<< Quite possible. Oil service sector has to be feeling some short term selling pressure based on inventories much higher than expected. Could it be the Nasdaq (networking/telecom sector) may benefit from this in the short-run? I rarely listen to CNBC anymore, but had them on today, and noticed at least three seperate instances where analysts continued to pump energy stocks. Could be just a coincidence, but then again maybe not. The latter is the sole reason I rarely listen to them anymore. www2.marketwatch.com Regards, KM

To: el paradisio who wrote (69199)	2/14/2001 7:54:30 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

COMPX-NYA-SPX Performance Chart My End of Day – Performance Chart (NASDAQ Comp, NYSE Comp, S&P 500) Daily I see I struck a nerve (which really was not my intention) on the “its not a wedge” thread…<g> with my comment about not seeing evidence of back and forth EXTREME SECTOR ROTATION from the COMPX to the NAZ in my performance chart. Of course, I never said there was not some rotation occurring. Of course, if the talking heads on TV are saying it, it must be true…<g>. A simple glance at my chart reveals the sideways action of the NYA and that says one of two things. If there is EXTREME SECTOR ROTATION going on you could not discern it by tracking the price action in the NYA as it has been trading sideways for the most part with a few blips here and there, for over two years. The blast off in the NAZ from Oct 99 to Mar 00, affected the NYA only marginally until the NAZ began to top out. Then the dramatic decline in the NAZ that followed affected the price action in the NYA very little as well. The NYA is only trading around 10 percent above its high in July of 98. marketdirectionanalysis.homestead.com Regards, LG