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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: dennis michael patterson who wrote (43054)	3/14/2000 10:19:00 PM
From: bobby beara	Read Replies (1) of 99985

>Is it possible that Clinton caused the selloff in biotech? The market was extremely overbought and looking for an excuse to sell-off. I told everybody here about a week or two ago about the 3 little indian top on HGSI. This has been a leadership group off the late january bottom. The Clinton=Blair talk may have burst the bubble, but if their was no bubble the stocks would not be selling now. There is a lot of air in techs too! and major danger for the rest of tech. Microsoft has not confirmed the rally in nasdaq and could be crippled by the internet way before janet reno goes waco on billy boy. riddle answer: the nyse financials are sucking because they give anybody with a heartbeat a giant unsecured credit line at the top of the business cycle. OUCH.

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