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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Dwight E. Karlsen who wrote (42540)	3/7/2000 11:32:00 PM
From: bobby beara	Read Replies (1) of 99985

And there is nothing wrong with that<<<<< Dwight, nah, nothing wrong at all, it's just wrong to be deluded by the street speak that jerry has provided. sure these companies may be growing astronomically in revenues, but so have many companies that have gone poof in the past. net companies are panic buying market share at any cost. that is NOT good business and will end in failure for most. i've got what i believe is a solid five wave count in fidelity select electronics, which is mainly in semiconductors, from the asia crisis bottom, which is completing now. while everybody has been focused on nasdaq 5000, nobody has noticed that the nasdaq closing price peaked last friday, coincident with the snp reversal off the downtrendline. these intraday rallies this week have been failing rallies. b

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