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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.34

+0.2%

Nov 3 4:00 PM EST

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To: Andy H who wrote (45900)	4/13/2000 9:36:00 PM
From: Boplicity	Read Replies (1) of 99985

Good job andy. I have one question but first a statement. The decline was/is being caused by gross overvaluation. TA has worked well with the market we just had. My believe in TA only goes so far but when I market becomes driven by valuation like I think the market well be going forward, TA only becomes one of the factors in stock picking. What I want to know is, at what valuation will stocks become cheap enough to own? Greg

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