Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Giordano Bruno who wrote (26226)	9/18/1999 10:37:00 AM
From: Matthew L. Jones	Respond to of 99985

Good article. I'm inclined to believe it. That is why small caps are doing so poorly. If it's true, we can expect the next big "sell-off" to be an exhaustion gap down which will include the big names that can do no wrong. If it does, that could very well be the bottom of this bear market (since historically bear markets last 17 months and this one is 19 months already). Matt

To: Giordano Bruno who wrote (26226)	9/18/1999 10:27:00 PM
From: TimbaBear	Read Replies (1) \| Respond to of 99985

......Richard McCabe, chief market analyst for Merrill Lynch, found that 23.6 percent of the New York Stock Exchange's common stocks and 22.7 percent of the Nasdaq market's stocks are below their summer-fall 1998 lows.... Doesn't this mean that over 75% are not? ......And, at the end of July, Fidelity Investment's Magellan Fund, the nation's biggest mutual fund with assets of more than $100 billion, cut its stock holdings to the lowest level in three years at 92.2 percent.... By God, there's a real pullback....all the way down to 92.2% invested in the market....boy that'll just dry up my volume!