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

To: gfs_1999 who wrote (73168)	3/24/2001 12:08:27 AM
From: Doug	Respond to of 99985

GFS: Thanks. The earlier models we discussed show equal phases / durations of the rotation. In fact , the last cycle it was completely dominated by the Techs. Rotation into other sectors and valuations in those sectors were extremely short and quick. Earnings growth in other sectors is no longer being valued anywhere close to the TECH's.(Energy). This further distorts the market and leads to skewed valuations. Also ,sector rotation resorted to by Big money is now done far more often than would be called for by the Business model.