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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Jerry Olson who wrote (8706)	3/22/1999 5:01:00 PM
From: donald sew	Read Replies (1) of 99985

Jerry, >>>> yes it's been incredible trading the netnuts for 2 consecutive months...non-stop...the institutions are buying blocks now...they got the message<g>...AOL is the most powerful stock in the market..over 500 blocks traded today, and they weren't sells...<<<<< Thats one of the main reasons that I dont think a bear market will start yet. We could have a correction, and possibly a nice correction but no bear market until the INTERNUTs starts to sell off. The HiTECHS, INTERNUTs, DRUGs, RETAILERs, FINANCIALs, were the main sectors leading this market up. The HiTECHs have weakened, some but the others are still holding. It would really hurt the overall market if the INTERNUTs started selling off, and such would probably precede a bear market. Seeya

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