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

To: Benkea who wrote (40509)2/17/2000 4:42:00 PM
From: Saulamanca  Respond to of 99985
 
Indexes at or near 52 week lows:

Bank Index
Drug Index
Insurance Index
Retail Index

"New Economy" stocks... out of control.

No fear here, one day moves:

URMD up 318%
CMST up 118%
APRS up 110%
ELOX up 100%
ENED up 98%
IPIC up 97%
AICX up 87%
PEEK up 71%
CYPHZ up 70%
HPS up 66%

INCY up 59 points
TERN up 67 points
XLA up 76 points
VGIN up 35 points
EMKR up 51 points



To: Benkea who wrote (40509)2/17/2000 5:14:00 PM
From: dennis michael patterson  Read Replies (1) | Respond to of 99985
 
Benkea, I sold most of the stock I have been accumulating during the recent downdrafts. Today felt like a short squeeze in the Naz 100 stocks. It also looks to me like a lot of naked call selling by MMs may be giving indigestion. I base this on the fact that some of non-naz 100 stocks were flat to down. Am I on to something here or just whistling dixie?


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