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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: American Spirit who wrote (75724)	4/23/2001 1:08:54 PM
From: mishedlo	Read Replies (2) of 99985

I think this rally will continue until tech stocks and telcos are at fair balanced value, that is balancing between book value and current assets and perceived value of likely future growth. I agree totally. And that is why the rallied died. Fair maket value is far far far below what we see here. Nonetheless I have learned to to not underestimate irrational overexhuberance and options manipulations. M

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