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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (1059)4/14/2000 6:37:00 PM
From: Jack of All Trades  Read Replies (1) of 33421
 
Chip,

There is just to much insider selling going on, that is it. Look at MSFT, Paul Allen filed to sell 52M shares since Jan... Also all the IPO's and Merger are coming off lockup... There is to much selling and no buying because everybody is in the market... You know buy and hold right? When the bullish % and margin debt is at historic levels you know something bad is going to happen. I don't expect any hard rallies like in the past year. All the so called daytraders (the buy the dip and hold overnight kind) are wipped out.

The question is are the funds liquidating here, or are they next???

There goes the US budget surplus I'm afraid...

Jeff
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