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Strategies & Market Trends : The New Economy and its Winners

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To: rocklobster who wrote (6122)	4/4/2001 8:49:07 PM
From: Bill Harmond	Read Replies (2) of 57684

>>this thing will overshoot to the downside WILL overshoot? Has overshot, IMO. The 10-day trin reading hasn't been this extended except at the bottoms in 1974, 1982, 1990, 1998. The hot money is short, and short interest is at a record. The market is back to the lows established during the global currency meltdown in 1998, and we've had two and a half years of business growth since then. Business is still growing. Look at the revenue gains y/y in Ariba for example. A "disaster" preannouncement of 125% revenue growth! Use the William Harmond Amazon thread flack indicator. A bunch of losers who haven't posted a successful trade in a year vilifying a buy-and-holder for bad market timing!

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