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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%Nov 17 4:00 PM EST
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To: bobby beara who wrote (35154)12/14/1999 7:48:00 PM
From: pater tenebrarum  Read Replies (2) of 99985
 
Bobby, the tax-loss selling exacerbates the new lows, but you are quite right, it's far from the only reason. this market looks sick to me, and if the momentum stocks should lose their momentum, we're in for some fireworks imo.
strenght in GE and MSFT is a positive, but they can't keep on holding this thing up on two or three stocks alone. the supertanker is leaking left and right.

regards,

hb
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