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

To: donald sew who wrote (4591)	3/31/2001 6:03:09 PM
From: Challo Jeregy	Respond to of 52237

Donald - this fits with the djia and ndx divergence - Message 15593621

To: donald sew who wrote (4591)	3/31/2001 10:01:18 PM
From: Justa Werkenstiff	Read Replies (2) \| Respond to of 52237

Donald: Re: "The SOX closed at 545 and 515 has been KEY support for the SOX. The SOX has been a leading indicator for the NAZ/NDX for months, so with FRI's weak performance in the SOX there may not be that much of a rally in the NAZ/NDX right now." Sox may be a leading Nasdaq indicator on any rally. See the January rally. But it has not been any kind of indicator for the Nasdaq on the way down. If the Sox had been the leading indicator for the Nasdaq for the past few months, then the Nasdaq would have been range bound like the Sox during that time. Instead, the Nasdaq has had another leg down and the Sox has just bounced along. finance.yahoo.com^SOXX&d=3m&y=on So, is the SOX about to rally and lead the Nasdaq up or is it about to follow the Nasdaq in a leg down with its close at general support on Friday? I don't know. I do find it interesting, however, that the Nasdaq closed up on Friday but the SOX took a large percentage haircut. No leading Nasdaq indicator found in the SOX on Friday on a Nasdaq up day no less. Maybe it was all end of quarter related. But when was the last Nasdaq up day when there was a large (4.38%) decline on the Sox? I don't remember when that occurred last. This is a very difficult market.

To: donald sew who wrote (4591)	4/1/2001 7:59:23 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 52237

Hi Don some food for thought (I don't think this one will be confusing<g>) #reply-15594727 Makes for strong support of the moderated thread.

To: donald sew who wrote (4591)	4/1/2001 7:17:17 PM
From: j g cordes	Respond to of 52237

Hi Don, just a note on your readings from the bond perspective. Purchasing managers' number was rotten last week and many are looking for Fed to ease given a non-market excuse. Meanwhile, some money has been leaking from bonds into equities in anticipation of moving from an overbought bond market to an oversold equities... however long that lasts. In other words equity positions in anticipation of a Fed cut. Problem is, there's real weakness that's rocking other boats causing that great term "visibility" to suffer and its spreading in odd ways. For example furniture sales are down due to dot com crashes. In fact the whole planet is getting a litle foggy about visibility in key areas of consumers, inventories, and trade... even oil exploration has backed off while everyone's talking energy shortage. Last, Bush has been so focused on enacting his political promises, there's been little to no leadership everywhere else. Jim