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


To: David W. Taylor who wrote (37848)3/2/1999 9:10:00 PM
From: Haim R. Branisteanu  Respond to of 94695
 
David in response I would like to point to my computer scan who also has a Stock analysis based on Equivolume for the third day in a row most stocks are pointed down.

Today many tech stocks just did so. Further any stock rally (selective stocks) is on small volume and at resistance points is hit with substantial selling.

My 2 cents are that people stopped to put money in stocks funds and they spend it.

We are also in a distribution pattern and rising interest rates.

I anticipate a back off in interest rates and a small rally but in general a grinding market.

Not so on specific stocks they will be "shot" one by one - e.g. CPQ, COMS and INTC are good recent examples.

BWDIK
Haim