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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 685.40+1.2%Jan 21 4:00 PM EST

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To: donald sew who wrote (12695)5/3/1999 11:45:00 AM
From: Ramsey Su  Read Replies (4) of 99985
 
Donald,

I am not sure what your point is. You should be concentrating on the INDEX UPDATE which is late. Please don't allow it to happen again. Many of us are waiting for it to start our trading day. <GGGG>

Regarding the DOT, I have previously stated my concern is a reverse wealth effect. I had dinner with some friends over the weekend and the wives are in these investment clubs. All has AOL in their portfolio. When I asked them about valuation, I was surprised by the answer. They said, "ya, we got those tables and forms from AAII but we never bother filling them up. AOL has tripled and will keep going."

With this type of expectation, vacation and other forms of consumptions plans are made.

Friday's GDP releases once again confirm the lack of savings in the US. There are just too many numbers that do not add up at this time. I am seriously considering becoming a daytrader to ride out the storm.

MSFT is still straddling that thin line. A qtr or 1/2 point down, we may see the whole tech sector go. This is not a good week to be away from the monitor for too long.

Ramsey
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