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

To: horsegirl48 who wrote (546)	2/21/2001 7:27:22 AM
From: Bocor	Read Replies (1) \| Respond to of 52237

>>The thing that is so crazy with all this is the retail sector showing gains. >> I think the retail sector has become the "flight to safety" momentum play recently. If you look at the charts, they look eerily similar....double tops everywhere, money flow abysmal, out perform or strong buy recs abundant, CNBC touting retail as the bargain sector to be buying, massive insider sales......smacks of a serious top to me. Every mall I visit is empty, and most stores have 70-90% sales...yes 90% off merchandise. Have I been buying? you betcha...Are they making a dime off me....nope, not at 90% off! Institutions have been taking bigger and bigger positions in some of these stocks, being afraid to dip their toes into tech, and when they want to get out, who are they gonna sell to?