MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 681.43

+1.6%

Nov 10 4:00 PM EST

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To: donald sew who wrote (39920)	2/12/2000 8:18:00 AM
From: Haim R. Branisteanu	Read Replies (2) of 99985

Donald, my response to you was not supposed to discuss the 3Peaks Dome formation which I think you are correct. It was more regarding the total market capitalization which I think will only reinforce this theory that the market actually peaked in January. BTW most "Old Era" stocks are below were they were a year ago and that includes such high tech companies like MMM, JNJ, LLY and other drug companies. So not all is about hi tech but about spin.....period. Also AMZN issued new convertible debt. I think the company has somthing like $2 bill in debt and loosing around $300 mill per quarter. Haim

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