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

To: the Chief who wrote (50148)	5/10/2000 2:24:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

well, forget it then. this is a propaganda station and not a source of useful information. trust me, my data are pretty accurate. there have been tremendous fund inflows during the first quarter, and the money has regularly been put to work right away. it is actually quite a bad sign that the market has declined in spite of this. the reason is no mystery however: there was a veritable flood of insider selling, and it doesn't seem to be abating. the market is simply drowning in paper. it needs continued large inflows to merely mark time as it were. that said, the liquidity situation has slightly improved due to the postponement of various IPOs. but in May alone 160 lock-ups expire, a record for a single month. regards, hb