We are definitely seeing some sector rotation into technology. |
We have seen selling into strength and that pattern has not changed in the last few weeks. |
We might be seeing, after a long time, an ability to shake off bad news. That's what we need to see this market move higher. |
With the mood of the market, people are going to be looking for stocks that haven't yet taken part in recovery and I think Nortel would be an obvious candidate because it's still fairly close to its lows. |