MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 679.68

+0.7%

Nov 26 4:00 PM EST

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To: American Spirit who wrote (71785)	3/11/2001 11:04:15 PM
From: bobby beara	Read Replies (3) of 99985

>>>>>Don't forget Naz already down 60% and many top techs down more. Internets down 95%-99%. What you're predicting is a total write-off of tech stocks and the world-wide internet revolution. >>>>> dood, not a write off, just the mark-down phase, after a mark-up phase that beat any delusion of this century in breadth and scope. the internet revolution was how easily the carpetbaggers, swindlers and scambags could lift money from regulary joes', on unproven totally junk paper and value hundreds of internet companies with untested business plans - each more than small and even large productive asian and european countries. expect the mark-down phase to overshoot, just like the mark-up phase overshot to the upside. b

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