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Market Shifts To New Batch Of Leaders.(THE IBD 100)(INSIDE THE IBD 100)

Investor's Business Daily

| October 13, 2003 | COPYRIGHT 2003 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: JONAH KERI

The stock market's abrupt five-day sell-off Sept. 24-30 whacked dozens of leading stocks, raising fears of a sizeable correction. The carnage never came though, as the Nasdaq bounced off its 50-day moving average, and stocks resumed their strong ascent.

But a change did occur. After running up two-, threefold or more, several of the leading stocks over the last six months finally buckled. Some fell to their 50-day moving averages, then found support. Others kept on falling.

The result was a rotation by institutional investors from extended highfliers to a new batch of stocks just starting to break out of bases.

Stick to a sound set of trading rules, and you should be able to navigate the changing landscape.

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