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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 659.03

+1.0%

Nov 21 4:00 PM EST

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To: Matthew L. Jones who wrote (31090)	10/22/1999 6:50:00 PM
From: Robert Rose	Read Replies (3) of 99985

To Matt, Donald, OJ and anyone else who wants to jump in the bulls ring this week: I am concerned that the scmr debut marks some kind of blow off for the inet ipo market. I mean I just can't imagine this kind of excess continuing much longer. And since inet ipos reflect the exuberance of the inet sector, and since the inets have led many of the bull runs of the recent and not so recent past, I can't help but view today's scmr price action as quite worrisome. Expecially when viewed against the background of charts like the djia and spx, potential October jitters, interest rate threats, etc. I'm starting to sound like Heinz. HELP! <g>

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