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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 26 4:00 PM EST

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To: bobby beara who wrote (45287)	4/7/2000 1:16:00 AM
From: Susan G	Read Replies (2) of 99985

Another one bobby, the cover of the new issue of Business Week is titled "Is the Party Over?" An excerpt: Don't panic--investors are just seeking quality It was the most volatile day in the history of the stock market. Both the Dow Jones industrial average and the Nasdaq plummeted more than 500 points before staging a remarkable recovery. Thousands of margin calls went out around the country. Accounts were closed out. Novice investors who had made thousands in a few months saw their bounty wiped out in the course of a few hours. Even seasoned investors, who were coming to believe that Wall Street had signs pointing in one direction--up--were shaken. Is this just the beginning of a major market shakeout? Is the party over? and you will like this one: 'Momentum had taken the Nasdaq to levels it shouldn't have gotten to in the first place,' says Joseph Battipaglia, market strategist for Gruntal & Co. Wait a minute, wasn't he predicting those levels for the last 6 months?

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