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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (29457)3/22/2003 10:07:03 AM
From: Justa Werkenstiff  Respond to of 30712
 
Ork: You may be right short term. But one must entertain the notion going forward that the Nasdaq and NDX are washed out and that is what appears, at first blush, to be relative strength at local bottoms but then turns out to be nothing at local tops.

The Nasdaq 50 dma is flattening out.



To: orkrious who wrote (29457)3/22/2003 10:18:58 AM
From: stomper  Respond to of 30712
 
I completely agree with you. Take a look at what some of the "name" funds hold and you can see they are still tied up in high-beta stuff...they've got to chase performance and the easiest way to do it is with movers.

-dave


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