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

To: Square_Dealings who wrote (71230)	3/4/2001 10:53:43 PM
From: jmootx	Respond to of 99985

michael on fundamentals Yes, I also watch fundamentals as well. I have taken all 200 of the industry group tables found in IBD and placed accumulation/distribution data around each one. This has taken a lot of work--exhausting amount. (Individuals can simply follow the SOX, etc. and come to the same conclusions) The data is now about four years old, and helps me take into account how the largest money is making macro changes--the answer as to growth vs value buying. I did catch the health care rise last fall as well as the energy rise last spring. But the data has been very scattered since the Fed started cutting rates. This took money away from defensive issues and sent money into retail and select technology. I have missed the tobacco rally, and I am not sure why that group is so strong when other areas with much better fundamentals such as natural gas remain weak. The money on the sidelines is really refusing to go defensive right now--something telling me that the bad news is about to end for technology--at least for the rest of the quarter. That is compelling since health care, energy, food, and financials were strong when tech earnings were still strong last summer. So I am convinced again that technology is ready for a rebound off forcasts that I do not believe are accurate. If they were accurate, then financials and energy would be strong right now just like in the last tech slowdown in 1997-early 1998. The big money always knows, that is just the way it is.