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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

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To: IndexTrader who wrote (42479)	3/7/2000 2:38:00 PM
From: Kip518	Read Replies (1) of 99985

Index Trader, IMO, what we are seeing is the beginning of the meltdown of the S&P index funds (no-brainer retirement & institutional investment plans). No cash for redemption in these funds means stocks have to be sold as folks want out. Cycle likely to continue (and accelerate) as folks slowly perceive what is happening to their "savings." Perhaps not yet the Kahuna but the first hot breeze.

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