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Not much in the way of new opinions, however watching this market yesterday
and this morning is fascinating! S&P and NASDAQ have tanked big time, Dow
averages are all up, breadth is positive, Ru2000 is taking biggest hit
percentage-wise, treasuries are down, oil index is up nicely, gold/silver
index is going through the roof, broker index is going through the floor,
copper and lumber are up. Seasonally, we have entered the annual period of
weakness in tech stocks. I think the market is exhibiting some fear in the
face of high valuations. If a shift out of the nifty fifty growth stocks is
underway, I doubt that the value stocks can fight a tidal wave - the
paradigm shift from momentum to value is a deep and wide chasm.
Earl
-----Original Message-----
From: Dick Webb <dickwebb711@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Wednesday, April 14, 1999 5:01 PM
Subject: inside out market??
>Your opinion please...
>
>For quite some time there has been a huge up move in
>the Dow, NDX and S&P. The experts claim that this was
>a small group of stocks when 70% of stocks are in a
>down trend (below the 200 day ma)
>
>Is it possible that we will now see a significant
>decline by the same narrow group??
>
>While the rest of the market goes up or sideways?
>
>Does anyone have a memory of the nifty 50 and what
>occurred there???
>
>
>
>
>
>===
>Big Lucky Dick
>
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>
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