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

To: fedhead who wrote (14000)	5/14/1999 7:28:00 PM
From: Vitas	Respond to of 99985

Anindo, a craze frequently has numerous corrections: Message 8818971 Vitas

To: fedhead who wrote (14000)	5/16/1999 10:56:00 PM
From: pater tenebrarum	Respond to of 99985

Anindo,<<Don't you think the internets have alreay corrected ? Yahoo's high was 244, Amazonn'was 221, EBAY was 215, AOL was over 170. If they correct further I would be be very concerned. They need to hold their lows. Thanks Anindo>> i agree that the lows need to hold right here if further downside is to be averted. many of the internet stocks patterns are in 'do or die' positions. i believe only some important consolidation-related news could possibly give the netstocks a lift at this point. the bear market in bonds makes the stock market as a whole look very vulnerable here, and high p/e as well as 'promise' stocks will be on the top of the victims list if the long bond continues to tank. regards, hb