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

To: Paul A who wrote (35314)	12/16/1999 6:42:00 PM
From: Lee Lichterman III	Read Replies (2) \| Respond to of 99985

>>Where has all the analysis gone??<< Draw a vertical line then label it either support on resistance, it doesn't matter because they both go straight up. Analysis is getting futile. As the Briefing article said, prices are rising many times faster than revenues, earnings and sales. There are many what used to be good investors/traders that are really starting to believe that stocks are worth these prices forgetting that in a bear market, the exact opposite happens. Years from now after this all blows up, you won't be able to sell SUNW, CSCO, EMC, MSFT, IBM etc for 1 times earnings, sales or revenues. YHOO and AOL? Forget about it, you will be lucky to get a penny for a hundred shares. We are witnessing a mass hypnotism where everyone is turning into a zombie that only knows how to buy the dip. Analysis? The bond just fell to 6.4%, everyone knows the Fed will take back all this liquidity in approximately 1 month, people know that comapanies are ccoking their books, that future growth is slowing, employment is tighter than in 26 years, inflation is coming etc etc. But everyone also thinks that they will be the first one out the door when the music stops too. It must be a wide door. <g> Here is the analysis, the market should be less than half of where it is now, but manias go on much longer than expected. The longer it goes, the worse the end will be. Personally I agree with many here and Favors time frame. Next summer most probably, mid to late January, possibly. A couple years from now absolutely definitely. Just waiting to see if the NASDAQ will pass the DOW first. Good Luck, Lee

To: Paul A who wrote (35314)	12/16/1999 9:42:00 PM
From: stockycd	Read Replies (1) \| Respond to of 99985

'ta heck with it????Naaaa!! FWIW...http://www.investorsalley/opinions/technicaltalk/ Regards, Chris

To: Paul A who wrote (35314)	12/17/1999 6:30:00 AM
From: LaVerne E. Olney	Read Replies (1) \| Respond to of 99985

FWIW, my analysis of market internals would indicate that we ARE in a "stealth" correction. 1. The NYSE Composite peaked on 11/18/99; the DOW and S&P Composite peaked on 12/3/99. users.intermediatn.net 2. The NAZ Composite is still rising, reflecting the "anomalous exuberance" of the major players. The Nasdaq Composite Index measures all Nasdaq domestic and non-U.S. based common stocks listed on The Nasdaq Stock Market. The Index is market-value weighted. This means that each company's security affects the Index in proportion to it's market value. The market value, the last sale price multiplied by total shares outstanding, is calculated throughout the trading day, and is related to the total value of the Index. Thus the momentum in the few large market-value stocks continues to drive the index to new highs. This is also affecting the DOW to a somewhat smaller extent since the addition of MSFT and INTC to the index. 3. All of my intermediate-term "market internals" charts have rolled over and are heading down except for the NAZ high-low (which appears to have peaked). users.intermediatn.net users.intermediatn.net users.intermediatn.net users.intermediatn.net users.intermediatn.net users.intermediatn.net users.intermediatn.net 4. The Arms Rate-of-Change ratio (NAZ:DOW) ( users.intermediatn.net ) simply reflects the anomalous level of the NAZ Comp when compared to the DOW. Eventually these market anomalies will resolve, maybe not in a kahuna, but in sequential "issue-crashes" of the large market-caps when expectations are not realized. BWDIK! users.intermediatn.net