MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 683.00

+0.2%

Nov 11 4:00 PM EST

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To: t2 who wrote (74933)	4/14/2001 5:14:38 PM
From: GREENLAW4-7	Read Replies (2) of 99985

NV thats why we will go back to sub 1700 faster then you can blink an eye. Far too many optomistic longs believing we are heading back to 2400-3200. The problem is very simple the fundamentals of these companies that were expanding their eranings from 95-2000 are now compressing them. So the NASD 100 has a higher p/e at 1950 then the market can support. One easy way to show you how low these stocks will go, take any SEMI stock and look at its price in 94-95 that is where they should trade now on a conservative basis. Do you where the nasd was trading at in 95?? How does 500 sound!! We currently have worse fundamentals then in 1995, so how can we sustain even for another day above 1900??

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