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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (7051)	5/17/1999 5:38:00 PM
From: Kevin Shea	Read Replies (2) \| Respond to of 57584

Rande; If I might add my opinion ... It appears that there is considerable sector rotation continuing, from high flyers to "value" ... this is noticable in the TA on many stocks. E.g. the thread has been noting ORCL of late.. I entered this on its strength and my read of its' long term position..I've further noted the big software (such as PSFT, SAP) as well as IT/consulting (ROMC, RCMT, etc)which you can see have made steady progress from their bottoms. Some Sectors that are "hot" for money managers are energy, basic materials, cyclicals, big software, semis, some financials and as you noted Util.. top tier S&P are losing ground while mid and low tier are creeping up (note the diverge between GE and SPX).. William and I have e.g. mentioned HPH as a candidate when it was in the 5s... Your old friend SGI is a "value" candidate... while EMC, CSCO, LU, and (damn me for saying this) WMT and T are topping The broad A/D line is actually looking good relative to the indexes which suggests shift to the beaten down, small caps, mid caps, etc...even some of the disk drives are starting to look good... I think you have to be selective in entering big caps, focusing in those that have not lead the recent bull...since the downside risk is too high on many of them... The obvious "problem" with taking this approach is that the gains (although often 50% or more; see ROMC) are slower than we like or have become accustomed to... From TA you can see the impact of incoming money... many stocks that have been trending downward have stalled and are in sideways moving consolidation patterns or in up patterns off long term lows.. Agreed in the INETs, one final fling and then slow summer?? Hope I didn't intrude on William's response... I think that we should all suggests opinions. Hope you trip is fun!!