MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.70

+0.7%

4:00 PM EST

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To: Mike Harkness who wrote (46071)	4/13/2000 9:37:00 PM
From: t2	Read Replies (1) of 99985

If the market continues to drop, one would think the NYSE and Dow would be tanking right along with the Nasdaq. The selloff today in the Nasdaq late day was very unexpected. If it continues, the Dow is going to crack. Could there be some sort of forced selling, possibly assets of a major hedge fund. That seems to be the logical answer to why the buyers did not step up late day. I can't image individuals are making major redemptions. I can't image the margin calls are still going out to individual investors in a big way. Retail traders don't know about value stocks; they are just parking their money short term, waiting to get back in to the high flying Nasdaq stocks again---Or maybe they will avoid the high fliers and buy the blue chip tech names as part of the transition back to the techs.

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