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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

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Nov 7 4:00 PM EST

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To: Haim R. Branisteanu who wrote (75124)	4/17/2001 11:16:05 AM
From: Doug	Read Replies (2) of 99985

Haim: My data shows the sector that is currently overvalued are the SEMI's. The P/E of some are over 40, 50 compared to 15 for a Bear mkt. In this connection the following link pertaining to the current (17 April) Contract manufacturers sentiment in Taiwan may be of interest. See:http://messages.yahoo.com/bbs?.mm=FN&action=m&board=4687808&tid=altr&sid=4687808&mid=15432

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