MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.53

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Dec 2 4:00 PM EST

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To: Casaubon who wrote (14051)	5/15/1999 2:32:00 PM
From: Lee Lichterman III	Read Replies (1) of 99985

Good post - You bring up a good point. The same baby boomers that are fueling this market will be the ones selling stock to pay thier medical bills. One correction. I don't believe my chart is showing a downtrend in Drugs just yet. Right now I have a pretty much sideways fork in red on the weeklies that I believe should hold it for sometime. Prices going back to the '98 time frame will hurt a lot of people but it isn't the big one that I think will come eventually. For that one, people will yearn for the prices of the 90s. <ng> This market has been amazing in it's ability to ignore bad news and chug on upward. It will be interesting to see what the final straw that breaks the bulls back will turn out to be. Good Luck to you and if you find any dividend paying stocks that aren't trading at PE ratios of 50 let me know since even if they are bargains compared to most stocks now days, there will be a PE mark down sale in the coming years, this I am sure of, I just don't know the exact day the sale will start ..... yet.<ggg> Good Luck, Lee

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