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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (33331)	3/27/2002 3:31:06 PM
From: Carolyn	Read Replies (1) \| Respond to of 52237

Grub!

To: dennis michael patterson who wrote (33331)	3/27/2002 3:35:38 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 52237

fwiw- from RealMarket - Believe Your Eyes 3/27/02 02:07 PM ET "The weirder you're going to behave, the more normal you should look. It works in reverse, too. When I see a kid with three or four rings in his nose, I know there is absolutely nothing extraordinary about that person." -- P. J. O'Rourke Yes, looks can be very deceiving if you don't understand the dynamics that are at work. Lots of folks question whether end-of-quarter window dressing really does occur. The action today seems to be pretty good evidence that it does indeed occur. The DJIA has been the strongest index so far this year and is acting the best today. That would seem to indicate that funds are adding the strong NYSE names to their inventory sheets. On the other hand, the Nasdaq100 has been the worst of the major indices and is negative on the day. That seems like pretty clear evidence that funds continue to remove the big technology stocks from their holdings. That certainly seems simplistic but there it is in green and red on my screen. The window dressing moves should reverse themselves next week as the artificial buying and selling abates. If that theory is indeed correct the play to take advantage of this would be to short the DIA and go long the QQQ (QQQ:Amex). The market has gone back to the drift mode and trading continues in rather chaotic fashion. It continues to be very hard to put any substantial capital to work and profits have to be carefully protected. No positions in stocks mentioned.