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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (4787)	5/28/1998 4:00:00 AM
From: Bruce A. Bowman	Respond to of 18928

Strange goings-on, Tom. Must be significant sector rotations happening. At one point the S&P 500 was down nearly 3% and neither the Dow nor the Nasdaq were more than 2% down. Something in the S&P has been taking a beating for 2 or 3 days. Of course I had a very red screen in all of my stuff. Pretty significant rally at the end of the day, though, so if there's any follow-thru at all we could see a couple days relief. But I think the IW is telling us that we've got a significant way to go before the market can start making new highs. It's really unfortunate I couldn't get the cash straightened out before this started. I'd really like to get into VLSI here! Bruce