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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Giordano Bruno who wrote (17025)	6/12/1999 4:10:00 PM
From: American Spirit	Respond to of 99985

I agree with many that this sell-off is overblown now. The reason the market didn't rally on Friday was because there was too much fear in the air, it was Friday and because the sudden pummeling of stocks had been unexpected. Also CMGI's earnings were lousy keeping net stocks down. Therefore many are in a state of shock. The weekend helps tem get over that and see things more logically. The possible rate hike is now priced in. Pfizer gets punished 20% for a drug making up 5% of its income. AOL broke 100 but should bounce now. Growth stocks have been battered. I see a sharp rebound in the very near future.