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

To: American Spirit who wrote (44820)	4/4/2000 12:17:00 AM
From: Brian P.	Read Replies (1) \| Respond to of 99985

<<Analysts said that as stocks plunged, brokers were demanding that investors who borrowed through margin debt come up with more cash. Faced with these cash demands, investors then liquidated more shares, which added to the selloff, they said. ``The margin speculator has been smashed,' said Scott Bleier, chief economist at Primark Decision Economics in New York. ``The plunge in the Nasdaq is exactly commensurate with the momentum run-up we saw earlier this year.' However, Bleier said the selling in technology stocks listed on the Nasdaq was approaching its nadir. ``We are getting very close to the flush-out in Nasdaq,' he said. ``If it is not today, it will probably be this week.' >> nytimes.com