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Non-Tech : Invest / LTD
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To: waverider who wrote (7323)2/11/1999 9:53:00 AM
From: J. P.  Read Replies (2) of 14427
 
Sir,

If you look at this chart, at the far right hand side:

decisionpoint.com

This is a train wreck that has already begun. I'm also betting it'll accelerate, and a whittling away will result in panic selling. Happens every year, why should this year be any different? It would take massive amounts of news to move this trend back positive, after exhaustive overbuying at the top of this most recent move up. Earnings are over, and the second tech tout fest is almost over. If Dell comes in light (I'm not expecting them to blow away estimates), it could very well spark a big selloff. Other macroeconomic factors such as higher treasury yields will only speed the drop.

BWTFDIK?
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