MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: John F. Dowd who wrote (2466)	1/28/2000 2:20:00 PM
From: marginmike	Read Replies (1) of 19219

Earnings exspected???? thats the problem. The valuations in TECH stocks have beeen inflated because of y2K inventory buildup, and tech upgrades. It will take a quarter or two for these things to work themselves out. I am not saying the world is ending only that NAZ valuations are in need of a rest. As with the internet stocks last year the hot stocks like QCOM, JDSU, EXDS etc need a break to catch valuations. IMHO

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