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Non-Tech : Ameritrade -- Ignore unavailable to you. Want to Upgrade?

To: hotstox who wrote (441)	2/2/1999 12:28:00 PM
From: RON BL	Read Replies (1) \| Respond to of 513

I got out due to the following . 2:00 ET Dow -110, Nasdaq -52, S&P -18.37: It has been a struggle for the equity market this morning with buyers taking to the sidelines as the jump in long-term rates and the market's deteriorating technical condition draw added attention... A noticeably weak tech sector, highlighted by losses among the big-cap tech leaders, has been the focus for traders today who fear the loss of their leadership will usher in a longer period of corrective activity in the marketplace... That goes without saying given the amazing run they have had, and thus far, there has been little interest in buying today's dip as the indices are at or near their lows for the session... The tech selloff has been led by the Internet, chip equipment, and disk drive stocks.... In the broader market, airline, retail, and rate-sensitive issues are among the more influential laggards... Merck (MRK +1 3/4) has capitalized on a PaineWebber upgrade and is just one of a handful of Dow components moving higher... Hewlett-Packard (HWP -3 11/16), Wal-Mart (WMT -3 7/16), and J.P. Morgan (JPM -3 1/16) top the list of Dow losers... DJTA -60.07... DJUA -2.91... SOX -9.15... Nasdaq 100 -2.3%.