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

To: Paul Shread who wrote (36296)	5/17/2002 2:50:48 PM
From: Terry Whitman	Read Replies (3) \| Respond to of 52237

Yes, that looks like a potential bottom in the DRG. Have you noticed the Utilities lately? Man, things have gotten ugly there. Can't see that continuing for too much longer unless the rest of the market follows. Wonder why T has not joined the party this week. Problems lurking there?

To: Paul Shread who wrote (36296)	5/17/2002 6:51:16 PM
From: isopatch	Respond to of 52237

Paul. If the economy is going to slow significantly from the strong numbers reported for 1st qtr., we could see sector rotation out of cyclical sectors that benefited from strong economic growth towards some of the more defensive industry groups. This would also be consistent with a continuation of what my work says is an Intermediate Term correction in energy. XNG broke below the 178-180 support area today. Some support here at 175-6. But think we see at least 168 before the correction is complete. stockcharts.com[w,a]dacayyay[pb50!d20,2!f][vc60][iut!Ub20!Lp20,20]&pref=G Health Care sectors are always near the top of the list for fund managers once the very slow growth or stagnation thesis gains currency on the street. So your drug picks could do very well in either a flat or mildly up broad market environment. If the market tanks? Drug sector would best telegraph future strength by showing superior relative strength vs other industry groups during the market decline. Busy day in my trading room today.<g> Just catching up reading the thread. Regards, Isopatch