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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: SBHX who wrote (19814)	7/5/2001 6:15:11 PM
From: Zeev Hed	Respond to of 30051

I think that financials as well as the energy sector will join the techs on the next trip down. Things that I think may hold are the like of AGM, SFD, IGT, POOL and COO(all doing extremely well in this lousy market). Even the risk in T is not too great, IMTO. But the techs and the financials (most of which now have "brokerage" tied in) are probably going to be week. As for energy, they broke, and while you can expect a DCB, it should be just that. I think that the better biotechs might have some holding power as well, but the traditional Drugs might very well falter (watch MRK, if it breaks $63, you know the sector is in troubles). Zeev