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Part of the new volatility in the Russell is that they added a bunch of
internet stocks to their list. Ira.
Earl Adamy wrote:
> 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
> >
> >_________________________________________________________
> >Do You Yahoo!?
> >Get your free @yahoo.com address at http://mail.yahoo.com
> >
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