MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 685.66

+0.2%

4:00 PM EST

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To: ALTERN8 who wrote (6550)	2/17/1999 3:30:00 PM
From: Lee Lichterman III	of 99985

The DOW didn't run up as much therefore it won't fall as far as fast. The NASDAQ really outran itself to ridiculous levels and it is now giving it back as the blind trend followers are realizing that they just paid $5000.00 for a 32 cent postage stamp. <g> I am amazed that DELL is holding up as well as it is. HIgh PE's are possibly OK when you are growing but even MD said the next 2 quarters will have single digit growth. Yeah that's worth this PE in the 100 area. PS - OEX just started to break. My service is hit and miss and it is too close to the close to trade it for real but paper trading OEXNC (615 puts) at 5 5/8. Will close when 610 OEX hit or else when she starts to reverse. Lee

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