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

To: pater tenebrarum who wrote (35842)	12/23/1999 12:07:00 PM
From: Crimson Ghost	Read Replies (3) \| Respond to of 99985

Heinz: The pattern of high-tech leadership to the upside is eroding. The SPX and Dow are up slightly more than the NASDAQ and the RUT is not far behind. Looks like the long-awaited catch up rally by the value stocks is beginning now that tax selling season is almost over. I doubt we can have a prolonged bull in these issues until the tech bubble is pricked. But many of the value indexes are so far behind that they could easily bounce 10-15% over the next month if there is no Y2K meltdown.