MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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To: bearshark who wrote (17245)	6/14/1999 1:15:00 PM
From: pater tenebrarum	Read Replies (1) of 99985

Bearshark, some internet issues are simply collapsing; the weight of margin calls may have something to do with that. i guess they are soon due for another bounce due to their being oversold short term. but once again chart support areas have given way in some of them, so i guess ultimately there may be a lot more downside before this is over. if AOL rallies back to 105 as the Captain suspects, it will merely revisit a recently broken support level. EBAY is getting slammed, and has now a p/e of only 2,369. short term support on the stock is broken, yet another internet leader gone by the wayside. the money is fleeing into more staid issues; the question is, how long will there be places to hide? regards, hb

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