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

To: Lee Lichterman III who wrote (32684)	11/7/1999 8:55:00 PM
From: NucTrader	Read Replies (1) \| Respond to of 99985

And Shepler says:>>In short, while the market could see some downside action next week we would expect the rally which will follow to bring new highs for the Dow and SPX to join the new highs which are already being posted by the NASDAQ. And this next rally could be very explosive in nature based on seasonality, cycles, and our Elliott wave count.<<

To: Lee Lichterman III who wrote (32684)	11/8/1999 2:44:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 99985

Lee, thanks for posting that article. Excellent article. Some of the best parts imo are: "Worry two is that it might look and sound like a sharemarket rally, but again it's a very narrow advance by the usual suspects - the "magnificent seven" supported by a handful of other big capital technology stocks." and "Salomon Smith Barney strategist L Keith Mullins said he is checking the exit signs in case there's a stampede out of techs. He added, "although I'm not ready to yell `fire', I clearly smell smoke and the theatre's bursting from an overcapacity (because) the lure of untold riches from tech stocks is packing them into today's investment theatre". "We've all seen this movie before and it never has a happy ending. A couple of investors move toward the exit and the investment wildebeests begin to charge. Greed quickly turns to panic and it takes weeks to clean-up the mess," said Mullins. Barton Biggs over at Morgan Stanley Dean Witter is even gloomier. While endorsing investors' patron saint Benjamin Graham's view that the market is manic-depressive, Biggs thinks the market borders on the psychotic right now. "I think Mr Market is on drugs, maybe even heroin. There is some serious craziness going on," said Biggs..."