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


To: Benkea who wrote (34968)12/9/1999 10:15:00 PM
From: Tai Jin  Respond to of 99985
 
Yes, we are there. There has been an explosion of multibillion dollar market cap companies in the last few years. Now it seems every IPO is immediately in this category. And the number of stocks trading in the $100-400 range is an indication that people are willing to pay top dollar to satisfy their greed.

The record volume being traded these days is making me very nervous. The market must be very close to a blowoff top. I give it no more than another few months.

...tai