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

To: E. Graphs who wrote (34807)	12/6/1999 12:36:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 99985

EG, not necessarily is right...the current U.S. investment mania certainly has the potential to beat the Japanese one in every respect. what's more, the put/call ratios on the SOX sector are actually suggesting it may run a bit longer...skepticism is rife, as stocks which have on average not even surpassed their '95 earnings peaks trade at levels about 120% above their ultimate '95 peak. since such fundamental facts don't count in a credit induced bubble, i would not at all be surprised to see the group trade even higher before it's all over. so your bullish comment may well be right on the money...as you point out, it's the chart patterns that count, now that we are drowning in a sea of liquidity...not the fundamentals. which reminds me, today's guest 'analyst'(read: self-serving money manager) on CNBC said: 'the U.S. domestic economy doesn't get any better than this'. he hit the nail on the head, unwittingly... regards, hb