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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST

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To: Boplicity who wrote (66315)1/9/2001 12:23:32 AM
From: John Madarasz  Read Replies (1) of 99985
 
Greg...

This is a chart that I posted to you a little while ago with a gap in it near your price targets...

stockcharts.com[L,A]DACLYIMY[DE][PA28.50!A26!B50!F][VC60][ILC10!UA8,17,9!UB14!LH14,3!LF]

I don't believe that the trouble that ntap, brcd and emc are having with their respective 50 DMA's is coincidental, I think it's a sign of inherent intermediate term weakness. All it will take I feel is even the hint of weakness from earnings and growth going forward and this sector will take the hit too... it doesn't mean they can't be traded with success, but each day forward gets a little more dangerous I think.

the p/e's are all way to high. They should come down.

Then patience will be rewarded<gg>

Best Regards,

John
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