MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: sean sanders who wrote (19533)	7/6/1999 9:23:00 PM
From: bobby beara	Read Replies (1) of 99985

Sean, my feeling from looking at the volume profiles of many internet charts is that most peaked in volume and momentum last winter and we have now put in distribution tops. The expectations for internet stocks are beyond acheivable and we have seen them sell after each earning season since the Jan top, i don't expect that to change here as expectations are still very high. Big money supported these stocks at support at the June bottoms when public was panic selling, but since most investors have been taken to the cleaners by internet dot mania, have they run out of greater fools? and have the institutions distributed the balance of their shares on this last weak volume rally? bb

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