MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 14 4:00 PM EST

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To: pater tenebrarum who wrote (10330)	4/8/1999 7:52:00 PM
From: bobby beara	Read Replies (3) of 99985

heinz, we may have already seen the blow-off ala japan, and yes bubbles go farther than most people expect, fed chairman Warburg cried "irrational speculation" in the winter of 1929,Greenspan "irrational exhuberance" in 1996. Stocks that IPO only a couple of years ago, now have market caps larger than many of the Dow stocks, with years of track record. It was the Red Chips in Hong Kong in 1997, it's the nutz now. Hong Kong also topped with a rising bearish wedge, which is still in effect the the now market leading sector,the Dow. I think now that the street has endorsed the internet sector, i believe the trend is near the end. bb bb

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