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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.63-0.3%Dec 8 4:00 PM EST

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To: Magnatizer who wrote (4790)1/28/1999 12:51:00 AM
From: John Pitera  Read Replies (1) of 99985
 
David J, It looks to me that it is a brain-dead given that MSFT will
not make significantly higher prices until it returns back to its 200
day MA. This most likely means a 22-25 % (Min) correction in next 3-4 months.

Statisically speaking when MSFT sports this type of PE and is this % above its 200 day MA it has experienced a 33% correction and/or gone sideways for 3 plus years.

John
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