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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (8390)	4/29/1999 11:51:00 AM
From: The Ox	Read Replies (1) \| Respond to of 14427

I seem to be very out of sync right now That was me a couple of weeks ago. Stepping back for a full week and watching the action without trading has helped me a ton, just a thought.... I haven't checked this on the charts but my first reaction on the semis we follow is that the sell offs have been on fairly light volume. I'll try to review the 20 or so stocks that I follow in the sector to see if the charts show confirmation or if this is just my perception. On a different tact: I find it funny that I'm seeing people question the valuations of the major drug stocks in the last couple of days. Just a couple of weeks ago, when they were all soaring, everyone said "you can't go wrong". Now, after they've taken a nice "correction", the talking heads are saying they are over valued. I get a kick out this kind of revisionist thinking. Isn't hindsight wonderful! Might be time to add some of these to the portfolio....... Market as a whole is very high. While the breadth has taken a major turn for the better, I am feeling very cautious. Be careful, is my advice to all..... I'll try to add more later, Michael