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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KM who wrote (24554)	9/2/1999 11:56:00 AM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Truff, i noticed...these 'red hots' with their small floats are easily manipulated. they will be the last group to fall imo; i have noticed though that a few cracks have started to appear in the red hots list...QCOM and JNPR are maybe a kind of first warning. anyway, as long as the excesses persist, i will assume that there is possibly more downside to come. everytime an analyst is asked on CNBC where he would put his money, the answer is 'technology stocks'. this suggests to me that the sector should be in trouble fairly soon...the Nasdaq is the most overvalued stock market in the history of mankind, it puts even the Nikkei in it's heyday to shame. there's of course always the possibility of a final blow-off, after all the Nikkei laughed off bond yields until they reached 8 1/2 %.