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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.21-1.1%4:00 PM EST
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To: Arik T.G. who wrote (72636)3/18/2001 8:48:21 PM
From: bobby beara  Read Replies (1) of 99985
 
After the high flyers got their share of beating, the old economy stocks suddenly look VERY expensive.>>>>

i agree with that, in fact many old eco stocks look like they have done bubble parabolics since the march 00 lows.

a decent correction to the trend in nasdaq is overdue, i still see a lot of air pockets open in some bubble stocks,

stockcharts.com[m,a]wallyymy[pb50!b200!a1450!f][vc60][iUb14!La12,26,9]

i think that air pocket will get filled minimum.
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