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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 665.67-0.9%4:00 PM EST

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To: lurqer who wrote (50675)5/14/2000 10:40:00 AM
From: bobby beara  Read Replies (2) of 99985
 
>>>FWIW I believe this year is closer to '94 than '74.<<<

lurqer, i doubt there were many stocks that looked like this in 1994, let alone 100's of em - (okay maybe a few pennies -g-)

207.61.23.98

the numerous charts like the above paint a much different picture of investor sentiment, than that of 1994, when put/call ratios were averaging in the .75 to 1 area for almost the whole year, which set-up up a nice consolidation base and cash build-up for the rally into july 1998. Also i believe intel had a p/e of around 10 in 1994.

i doubt the base in the dow that is a year long now, just like 1994, is a continuation pattern.

I keep hearing people pin their hopes on the baby boomers, i can tell you that most of em "did inhale" =g=, and they are a group that can push things to excess, look what they did to 80's real estate, have the excesses been resolved, only arch crawford's hairdresser know fur shure -g-

b
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