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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 687.70+0.7%Jan 5 4:00 PM EST
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To: j g cordes who wrote (24640)12/28/1999 6:05:00 AM
From: Johnny Canuck   of 69478
 
Hi Jim,

I noticed that Abby Joseph Cohen one of the streets great bulls has turned cautious too in this Sunday's NY Times. She thought the market was fully valued this March. This opinion came public on Dec 16,1999, according to the article. She is only look for single digit gains on the indices next year. She still see some upside though and is looking at financials because they are oversold by her definition.

On another note I was dubious that the demand for optical components was a high as portrayed, but I have been told that the system engineers can not even get components to test at NT because the customers want the end product so badly and the manufacturing division's first priority is to the external customers not the internal ones. Simply, amazing.
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