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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Psycho-Social who wrote (40992)	3/15/2002 8:06:31 AM
From: t2	Read Replies (1) \| Respond to of 99280

Tech Funds outflows for the past week is surprising as you stated when the Nasdaq has actually been going up. Does that not set up for the possibility of a drop as buying dries up...or could it be a case of funds that have focussed in other sectors are looking to add tech. My feeling is that the funds that were bearish on tech in the past few years are not going to be chasing Nasdaq stocks given the valuations that exist today. The Oracle numbers and guidance was pretty bad. Of course, the bearish view would be there was a lot of short covering that gave the Nasdaq a pop. When I first heard of the inflow numbers from Trimtabs and later read the AMGDATA, I thought we could be having a big rally in the Nasdaq; now I have a few doubts. Maybe non-tech sectors rally. jmho