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

To: JRI who wrote (1786)	3/2/2001 11:19:36 AM
From: DukeCrow	Respond to of 52237

Yeah, GE looks dangerous. As far as Naz and Dow correlation, that's really arbitrary at this point, IMO. We've seen so much sector rotation over the last few months that I wouldn't be surprised if the Dow starting breaking down while the Nasdaq traded up. That being said, it seems the Nasdaq and the Dow have been moving in the same direction lately, so who really knows what'll happen. Looks like we're in no man's land right here. However, the Nasdaq TRIN went back up above 3, and the Nasdaq held up pretty well. If we start getting any buying pressure at all in the Nasdaq, it should move up in a hurry, IMO. There's no guarantee we'll get any buying pressure, though :( Ali