MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.97

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Nov 7 4:00 PM EST

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To: Les H who wrote (44149)	3/26/2000 2:44:00 PM
From: Haim R. Branisteanu	Read Replies (2) of 99985

Less, I think that sandspring predicted CSCO ultimate high to be around $146 or $73. We are now at $160 or close to $80. Even that I do anticipate CSCO to move lower, still TA is clear as mud <GGG> in this mania. TA worked very nicely until about 10 years ago wen realistic valuation were the norm and not every 10 year old kid had a computer, a brokerage account and played the stock market. No pun intended, but this brings me back to the issue of curve fitting in many TA analysis and in retro respect justification of price moves. BWDIK Haim

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