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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (13482)	7/17/2002 10:12:46 AM
From: marginmike	Read Replies (1) \| Respond to of 19219

it lages, but it is tied more to real estate then stocks. In 1987 biz boomed till 1990 when Re finally rolled. I know your bullish and like all these econ statitics but the man on the street I speak with are just now beginning to reighn in spending. WHich bodes very badly for retailers, and consumer spending. I actually think Tech(the right tech) will outperform the likes of many Housing/cosumer stocks. Notice FNM is down today? RTH and oils absolutly sluged last week % in relation to techs like Qcom MSFT IBM etc? You could make the argument that the leaders get killed last, but I dont buy it. If markets stabilize and dollar continues down TNX rates go up and consumer, banks and Housing get smoked. IMHO I think we go sideways till end of AUG. However I am only short FNM and long PAAS and CDE so I have zero exposure here for the most part. I will short any good rally.