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To: Ibexx who wrote (70948)1/11/1999 4:23:00 PM
From: Tony Viola  Respond to of 186894
 
Ibexx, >>>Jim...you've got to stay away from that stuff if you want to play the market during the
day...<g><<<

Well, you know those good old Southern boys. ;-)

Ibexx



To: Ibexx who wrote (70948)1/11/1999 5:02:00 PM
From: Jim McMannis  Read Replies (1) | Respond to of 186894
 
Ibexx,
RE:"Did you mean overbought?"

yes I did...
Wow, that's powerful stuff...
Jim



To: Ibexx who wrote (70948)1/11/1999 8:03:00 PM
From: Ibexx  Respond to of 186894
 
Thread,

Ralph Acampora on sector TA & rotation:
_____

Sector Standings

Our group work over the weekend has uncovered more POSITIVE ROTATION—a rising number of sectors are showing signs of upside breakouts or are poised to do so:

* 28 S&P groups made new 52 week new highs – none made new lows.
* The S&P Low Priced Index broke out of a major base—it has an upside potential of about 20%.
* The S&P Basic Materials Index is tracing out a major double bottom—this is very positive.
* The S&P Gaming/Lottery average successfully retested its 1998 low—a double bottom is in the making.
* The S&P Iron & Steel broke out from its base formation.
* The S&P Lodging/Hotels is poised for an upside breakout.
* The S&P Machinery—Diversified sector is also poised for an eventual upside breakout.
* The S&P Oil & Gas Drilling/Exploration group is completing a bottom—risk appears limited.
* The S&P Paper & Forest Products group is mentioned above. The S&P Railroads broke up from its base pattern last week.
* The S&P Retail Stores—Dept. Sector also broke out of its bottom pattern several days ago.
* The S&P Waste Management Group rallied sharply last week.
____

Ibexx