MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Jerry Olson who wrote (40135)	2/13/2000 11:41:00 AM
From: Logain Ablar	Read Replies (3) of 99985

OJ: we have not seen the top in any market yet...not this year anyway... I agree. Not from a PnF perspective cause we can go lower into the teens on the NYSEBP (but like you I doubt that at this point in time). I just don't think we've seen the foreign capital blindly pouring into the market. That would signal the top. My opinion were just in a correction phase of the bull. Remember back in 86 when the Japanese were buying Pebble Beach, Rockerfeller Center, all the Hawaii hotels, etc. and the press were going on and on about the foreigners owning all the good real estate. I haven't seen that yet with stocks. That will be the top. JMO Tim

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