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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Mr.Manners who wrote (20358)	5/25/1999 5:23:00 PM
From: Jorj X Mckie	Respond to of 34809

K, James Strauss' opinion on what is causing the selloff in the nutz might also apply in a domino like fashion, to all sectors. Including the semis. Message 9755436 Other than that, no idea. T

To: Mr.Manners who wrote (20358)	5/25/1999 5:35:00 PM
From: Judy	Respond to of 34809

Kasha, all technical methods sometimes generate spurious signals caused by momentum and temporary news effects. Not all breakouts are successful nor sustainable. Market was at a short-term top, all earnings forward guidance was out, fears of inflation rising. With current inflation at less than 4 percent and bonds edging up to 6 percent, who in their right mind would want to be in volatile cyclical tech stocks like semis? The cyclical growth would would be stalled again should the long-bond edge over 6 percent and hold for any length of time. While the market whipsaws up and down and sectors rotate, I'd expect there to be spurious P&F buy/sell signals.