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S&P 500
5,460.48
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US TECH 100
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-0.43%
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Dow Jones
39,118.86
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techcharter

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techcharter

Re: mr_cash4 post# 3555

Wednesday, 09/08/2004 5:50:23 PM

Wednesday, September 08, 2004 5:50:23 PM

Post# of 51804
Mr. Cash: Mixed signals.

Decompose the general markets into the sectors. You may find tech analysis works a little better. Part of the problem I think is happening is money is rotating too fast to get clean signals using the DOW, NASDAQ, or SPX. The only signal those three are giving is the DOW and SPX have had a stronger rally off the August 13 lows than the NASDAQ. It reflects a flight to quality. Investors are hopping (and hoping) through the risk spectrum.
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