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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: P.Prazeres who wrote (18844)	5/20/1998 7:06:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

One other thing that likely helped the late rally in the S&P was the sell off of MSFT INTC CSCO DELL WCOM ORCL SUNW and other tech sector stocks in the NAZ..those were all down and they are big liquid stocks too..so that made money to toss at the S&P.. It's my understanding that NAZ stocks are not in the S&P.. just NYSE stocks..and if that's correct then how long will that money stay put ? so we got to cases for a false start,( 1 ) long weekend coming causing shorts to close..( 2 ) rotation from tech to blue chips a, rob Peter to pay Paul thing, that could buy time but I think we see more down side before we make new highs. If you look close at the last two days, you can see that the trip to the up side early yesterday , then down never really rallied back up enough to let anyone out with a profit , same today so it could well be a bull trap, Maybe I get more info later today. Jim