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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.21

+0.2%

Jan 2 4:00 PM EST

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To: AllansAlias who wrote (48329)	4/27/2000 9:02:00 AM
From: Cynic 2005	Read Replies (1) of 99985

<<I expected bad ECI as many did. I am more interested now to see how much was discounted.>> I don't know if it is discounted. It appeared to me that last 1/2 hr rally on Monday (DUNG -300 to -160), Tuesday's ramp job and last nights AT&T wireless deal have sucked-up too much moolah. So yesterday's drop is not quite something good for any discounting. After all, look at the news bottom line - costs are rising and growth is slowing. Regardless of the discounting, one ought to be worried about the future prospects. Especially when you are paying some 250 PE for DUNG stocks.

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