Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : EWJ : ISHARES MSCI JAPAN INDEX FD (AMEX) -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (8)	3/5/2002 5:57:38 AM
From: Clappy	Respond to of 25

I think you are right on. I'm talking about much smaller time frames. Tech seems to have broken upward at the right time. Chart chasers and fund managers will see these lines being drawn that look like the time to buy. If we come out of this recession, I'm not certain it will last for long. 6 months, a year, more? Who knows. My trades are based upon the typical sector rotation of the various stages of the economy. At the bottom of the cycle when we are in full blown recession, is when cyclicals normally do best. If you look at that group they have been the perhaps the best performing sector as of late. Next in line is tech. Perhaps we are seeing it rally now because of the better than expected fed numbers. It's happening at the right time. Nasdaq is possibly setting a higher low. As is EWJ and the $NIKK. It may be short lived but worth riding in my opinion. Eventually this house of cards will probably fall. I hope to be prepared for it. It will probably happen just when things really begin to look good and more of the public becomes believers again... Tech powered up through it's 50DMA with strong, increasing volume. That tells me the institutions might be buying this. -Clappy