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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sabrejet who wrote (45714)	6/1/1998 12:07:00 PM
From: MichaelW	Read Replies (1) \| Respond to of 176387

Re: selling for no reason" season!!! What's this? Mike

To: Sabrejet who wrote (45714)	6/1/1998 2:41:00 PM
From: AlanH	Read Replies (2) \| Respond to of 176387

Check out the internals and as well the make-up of the DOW. Auto's are up as well as a few others. The tech wreck is still in progress but should turn soon, IMHO and technically speaking. We have, though, busted through some support levels on quite a few issues. Wait for the "selling for no reason" season!!! ROFLMAO. "Selling for no reason"? "Internals"? Sure the autos (and DOW) are holding up relatively well! They're the highest point on land. And, guess what happens at this juncture if the Blue Chips get punished? Why is big money rotating out of techs, into safe-havens? Is it because INTC missed a chip milestone? Because PC sector is softening? Because the NDX and COMPQ require a slight breather? Unlikely. The rate of rotation across equity sectors, currencies, hard futures, etc., has been remarkable over the past few months. The rich (and I don't mean $1-5MM) are restless, uneasy. No cliche about "buy on dips" or "excess money supply" will change matters. Pick up any widely-regarded overseas financial periodical to confirm whether we are approaching a "selling for no reason" season. It's my belief (and, yes I've bet on it) that we are entering a classic cyclical bear which will become painfully apparent by Autumn. Sorry to sound so heavy-handed, but I've really become concerned about the complacency of folks -- many with hard-earned money. Good luck.