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

To: pater tenebrarum who wrote (50162)	5/10/2000 2:55:00 PM
From: Activatecard	Read Replies (1) \| Respond to of 99985

Everybody is underwater in AWE. Probably CNBC will do a special on the dangers of IPO's -g-

To: pater tenebrarum who wrote (50162)	5/10/2000 3:13:00 PM
From: the Chief	Read Replies (2) \| Respond to of 99985

and it doesn't really matter actually who is selling. the point is that liquidity is drawn out of the market that way Agreed and I didn't mean to undermine your point. Ultimately it boils down to this. The overinflated stocks with bird brain P/E's will fall, but I really don't correlate this to a doom and gloom scenario for any market. The next few days will see migration, the last of it, from the stupid, to the less stupid stocks. The migration isn't necessarily out of the market as opposed to the shift of money in the market. This is why the fall is on such low volume. When the shift of the little liquidity that is left in the market is complete, and the market has stabilized, the next stage will occur, which is the migration of the money from the sidelines into the bargain stocks that have been brought down with the stupid ones, once "clear leaders" are defined the masses will follow. I declared the correction dead at Message 13665644 I believe we will have volatility to 3390 once or maybe twice in the next few days at worse, but I really don't expect 3400 to be broached but if so 3390 as stated. As we retrace to these numbers you will notice volume on the Nas increasingly ramp up until after his nibs Greenspan speaks, then we'll be off to the races testing 3600 within 2 weeks and never touching 3400 again. I hate to be so wishy-washy and not spell out exactly what will happen<gggg> the Chief