Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (7064)	3/7/2001 5:43:06 AM
From: macavity	Read Replies (2) \| Respond to of 19219

Market Reads The market does not think that the economy is going down the pan. It is just tech that it has lost respect for. schaeffersresearch.com Article here on CYC. It has made a 6M closing high. With TRAN (not as bullish)it shows that the market still thinks that falling interest rates will help. Compare to CMR (which is in a downtrend) and DRG. Supports DRG > 400/397; CMR > 560/555 If these two break support and CYC and TRAN can get it on on the upside then we have the long-awaited sell-defensives-buy-cyclicals rotation. All we then need is for UTIL to break support @ 385 and for the OSX/XOI/XNG to stop going up (at the least). Techs can be considered as highly geared cyclicals. Shame that they are coming out of a bubble. Remember wait for the market. I have been stung twice this year trying to predict this rotation. It should be a net positive for tech. I am getting more and more bullish, but still waiting. Just a few more days for the all-clear. - macavity