Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11268)	4/16/1999 7:15:00 PM
From: Rambo	Read Replies (1) \| Respond to of 99985

Actually Don I see alot of credibility in this analysis...and think the NASD will bounce next week, but this is more wishful thinking rather than technical analysis speaking...bobr

To: donald sew who wrote (11268)	4/16/1999 11:15:00 PM
From: Les H	Respond to of 99985

You have earnings from IBM, Compaq, and Microsoft next week. The last major tech index that's held up appears to be the Networking (NWX) and Telecom (XTC) indexes. This could change soon as Cisco (CSCO) is resting on its 50-day MA. The other regular index that's held up is the Bank (BKX) index. The last time I recall this kind of quick rotation into the late cyclicals was in October of 1995 just when the techs peaked. I remember the steel, chemicals, oil, truckers, etc. The techs, financials, services, and retailers typically lead the market for longer periods since their growth is longer-term in nature. The following provides a cyclical graph of sector rotation: personal131.fidelity.com:80/products/education/content/sector.html