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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: country boy who wrote (3575)	10/4/2001 4:48:42 PM
From: E. Graphs	Respond to of 4564

Country Boy. I think this rally is sucking wind. Most of the gains were made early today. Maybe daytraders, flush with new leverage, are using the 4-to-1 margin rule to cause techs to run up too much, too quickly. Part of the rule is that they have to be out before the close, which is easy since we have lots of resistance to mark trades against, but no sure support, imo. Stocks are still too expensive for this to be a bear market bottom, don't you think? However, it looks like defense sector is making a powerful double bottom. I'm going to look for stocks in that group. I don't know anybody who said get out of semis, except Niles, and he was crucified for it! E