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

To: Jorj X Mckie who wrote (37285)	1/12/2000 1:12:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

o.k. - i misunderstood that. i agree on your speculation that increasing health of the market internals spells trouble for the high-flyers. obviously, money to put into the high flyers was raised by selling the broad list. it follows if the broad list is looking better, the money needed to accomplish this has to come out of the high flyers. in spite of the Fed allowing credit creation to explode, it is not enough to keep everything afloat. hb