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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (15517)	6/1/1999 7:18:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Haim and Vitas, as the 'net bellwether, AOL is probably the most important stock in this market today. in terms of positive money-flow AOL is still top dog, which is a glimmer of hope in the current environment. still, this thing must turn here and now, or the bears will indeed have their day in the sun. from a contrarian standpoint the widespread negativity regarding the internet stocks looks almost like a buy signal; the danger imo lies in the possibility that the negative sentiment will continue to feed on itself to the point where automatic sell orders take over to satisfy margin requirements. this is a very real danger, and the term 'oversold' doesn't mean a thing if such a situation comes to pass. regards, hb

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