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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

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Nov 26 4:00 PM EST

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To: bearshark who wrote (15004)	5/26/1999 12:41:00 PM
From: Giordano Bruno	Read Replies (2) of 99985

>>>If the DOT stocks cannot gain some equilibrium, we should have the savage one-day move down that I thought was possible.<<< From CNN... Kapetanakis attributed the recent downturn in Net stocks more to the weight of margin calls than to interest-rate fears or valuation concerns. Initial selling in various highly leveraged shares forced investors caught short to liquidate, he said, triggering a cycle of additional sell orders that has begun to feed on itself.

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