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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.91

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Nov 14 4:00 PM EST

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To: donald sew who wrote (223)	12/4/1998 8:37:00 AM
From: Cynic 2005	Read Replies (1) of 99985

<<The manor in which the SEMI's popped today reminded me of manic buying, but nowhere as drastic as the internuts.>> The crucial difference is float. Most of the internut traders, drunk with profits (well the ones that managed a profit) tried that with Intel, Microsoft and Wcom on Dec 1st. Perhaps by yesterday they realized that they are too big to make the kid of moves they made in the i-nuts. So, they switched the group to semis (a clown put a strong buy on Micron and perhaps that was the clue for them yesterday.) As Arik says, it will end in tears.

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