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

To: jbe who wrote (48270)	4/26/2000 9:12:00 PM
From: Stcgg	Respond to of 99985

Stock Indexes.. Weighted Pessimism.. Very interesting, as it was somewhat of an anomaly to see the market fundamentals improving while the indices were declining.. The opposite of what had occured during the runup to March 10th.. Thanks! >><<

To: jbe who wrote (48270)	4/26/2000 9:16:00 PM
From: Wayners	Read Replies (1) \| Respond to of 99985

Then the vast majority of stocks must have a Beta of less than 1.00, low volume, no investor interest and high floats. Who wants to own a bunch of REITS or utilities or preferred stocks?

To: jbe who wrote (48270)	4/26/2000 9:21:00 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 99985

Re comments on that article, I wonder about the "facts" quoted (i.e. 'the average stock only down 1%'). Not sure what those average stocks are. In my model and real portfolios the average stock is down 17% off its high; my short portfolio is up 24% in the space of mere weeks. Looking at market internals, at the lowest low day the Nasdaq had over 600 new lows, thus the "average" stock is down far more than 1%. Since the begining of March, new highs have close to evaporated. Volume accumulation across all stocks on the Nasdaq shows a dramatic sell off begining in earnest at the end of March. The indexes may be weighted, but volume, new highs/lows, the Nasdaq advance/decline line -- they all tell stories. The lesson is simple: If you are gauging the market...by using an index that is prejudiced toward a few large-cap technology stocks, chances are that you're reaching the wrong conclusion. So in conclusion, I guess I don't agree with the author -- the lesson is not simple.

To: jbe who wrote (48270)	4/26/2000 9:25:00 PM
From: bobby beara	Read Replies (3) \| Respond to of 99985

>>>What's all the fuss?<<< i guess the author was not an investor in mlnm, omkt, neon, bvsn, rmbs or hundreds of other stocks that are 50-80% off their march highs. b