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Strategies & Market Trends : Group Therapy

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To: Wolf 2 who wrote (2530)	10/19/2000 9:51:05 AM
From: E. Graphs	Read Replies (1) of 4564

Wolf, Institutions control 80% of every dollar that is in the US market, and imho it's all about Fidelity. They are the biggest. I believe they manage over a trillion dollars, and a good deal of it is our 401K money. These sector charts show tech funds are breaking down, cracking under pressure. I wonder what the outflow has been like??? I also wonder if we'll get a cosmetic rally, which will then be sold, giving way to further decline or maybe a long basing period. finance.yahoo.com I could sense it yesterday, traders wanted their rally. They've latched on to some very low priced techs and now they want to at least have a snap back to sell into. Who knows? Maybe we'll even just zoom right back to Nasdaq 6000 and this is just a game of chicken, but it looks more serious than that and I'm sure the fund managers of some of these tech funds are getting worried about inflow. E

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