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To: Les H who wrote (11907)3/13/2005 6:59:05 PM
From: Les H  Respond to of 29595
 
Net sector produces 'dead' cross

The Merrill Lynch Internet Holdrs (HHH: news, chart, profile) , a Net sector tracking stock launched at the height of the hype in September 1999, closed Thursday down 74 cents at $55.35. The HHH has now lost 22 percent since the end of 2004, a decline that many feel is enough to be considered a bear market.

What makes the current sell-off much more significant than the summer 2004 decline of 24 percent is that the HHH's 50-day simple moving average (SMA) is in the process of crossing below the 200-day SMA for the first time in 2 1/2 years.

This development in the charts is referred to as a "dead cross," and is seen by many as a long-term sell signal.

cbs.marketwatch.com