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

To: Les H who wrote (42460)	3/7/2000 10:35:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

Well someone needs to help me cause I am feeling this uncontrolable desire to dip! No LG, you are not wrong IMO, the TRIN is at 1.30+ so distribution is rampant. Looks like the plunge protection team is trying to bid up the futures but the overall market is ignoring them as the Mo Mo has shifted. Better get Wiley E Coyote to get one of those ACME reversal tubes to make the giant snowball go the other way. I sold waaaay too early on my short of JNJ. MRK is melting down and I am getting real tempted here. If a penny stock Biotech can go up 500% why should a proven drug stock be falling through the floor? Trading at 52 as I type. Good Luck, Lee

To: Les H who wrote (42460)	3/7/2000 10:42:00 AM
From: Crimson Ghost	Respond to of 99985

The new mantra is "the bear market in old economy stocks will continue until the bull market in new economy stocks ends." NAZ still holding up extremely well as the Dow tanks. But my bet is that the old economy stocks will hold up very well when the NAZ finally crashes. And when the happens it will make today's drop in the Dow look like a tempest in a teacup.