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


To: marcher who wrote (41351)2/25/2000 3:07:00 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 99985
 
Marcher, because too many people are expecting that too happen. the reality is however, that only hi-tech oriented mutual funds experience money inflows. furthermore the bulk of IPO's and secondaries is in the high tech sector, so the WS big guns will do whatever it takes to keep sentiment for tech on the boil. what's more, there simply is not enough money to sustain both the NAZ bubble and everything else, so the divergence is more likely to persist than not. note also the skewed open interest and p/c ratio data on the various indices which i mentioned before.
i think actually the trigger for a NAZ sell-off will be further weakness in the broad list of stocks.

regards,

hb