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Strategies & Market Trends : Joe Stocks Trader Talk -- Ignore unavailable to you. Want to Upgrade?


To: Michael Young who wrote (272)2/18/2002 6:16:00 PM
From: Joe Stocks  Respond to of 787
 
DE-Mike, You make a good point. I do need to take the industry or sector performance in more consideration. I did some research and came across this site that has some industry index charts and stuff. quotes.barchart.com

Here's a chart but I don't know how to read it.LOL!
quotes.barchart.com

It appears that some selling pressure may be taking place in the Farm Construction Machinery Index. I think there has been some "recovery" strength there but I would not be surprised to see weakness as signs of a recovery do not appear as clear. Certainly DE's and CAT's numbers don't portend a recovery just yet.

Joe