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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.19-0.8%4:00 PM EST

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To: pater tenebrarum who wrote (32400)11/5/1999 8:33:00 PM
From: bobby beara  Read Replies (2) of 99985
 
today on CNBC various analysts were falling over themselves to assert that p/e expansion can go on indefinitely in the new er laughing about 'the last two bears leaving Wall Street'.

oh oh oh sentiment baybeeeee!

thats why i haven't asked Haim to trash either of these charts yet, which both are still active until we hit new highs in the Dow (new additions didn't help much this week)
and the baseline of the rising channel was retested and failed today at fib .618 retrace.

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