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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 660.08-0.8%Nov 18 4:00 PM EST

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To: Compadre who wrote (14854)5/25/1999 10:59:00 PM
From: bobby beara  Read Replies (5) of 99985
 
>>>if this was a shake out, it will take a lot of time to repair that damage<<<<

IMHO, this is no shakeout, but a geniune change in trend, full of contrary indicators that should smack everyone in the face.

WE HAVE THREE WAVES UP IN INTERNET MANIA:

wave one ended at the October 97 top with just a few issues participating AND EVERBODY DOUBTING
wave three ended in the july 98
with many more issues joining the camp.AND EVERBODY DOUBTING

wave 5 ended with internet IPO mania and everybody feeding at the trough and cashing in at the top. AND EVERYBODY TOUTING AOL THE MUST HAVE INTERNET STOCK. the companies, the brokers, yadda yadda on the backs of john q. public who opened a schwab account to buy mania.com so his broker could have an island empire and a helicopter, NOT THE INVESTOR as it is advertised.

This mania is not the computer mania of the early 1980's, or the biotech mania of the early 90's.

the biggest cap nutz outweigh most Dow stocks and most countries in the world.

THIS IS NO SHAKEOUT. THIS IS NO SMARTER BULL.

BB
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