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

To: donald sew who wrote (11551)	4/20/1999 9:28:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

donald: I read you UPDATE this AM. Per our conversation yesterday, I wanted to add to the point I made about "a broadening out of funds in the Market will make it more difficult to support a rally or even maintain present price levels". In addition, I want to point out, that if enough investors react to the Hi-Tech / Internut sell off followed by the dramatic reversal of the Dow yesterday, (my expectation was posted I might add) not all money coming out of the above mentioned issues will go back into equities. (Bonds, Money Market, CDs will grab their share.) Couple this drain of funds from equities with reduced funds coming in and the set up for a sizable correction is very possible. Of course, there may well be some pops as BTD'ers come in. But I suspect it is time for this irrational exuberant Market to give some back... Regards, LG Disclaimer: My posts are my opinions only and I reserve the right to be wrong on occasion. Do not base any investment decision solely on anyone's views or analysis. Do your own research and take responsibility for your own investment decisions.