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

To: dennis michael patterson who wrote (37114)	1/9/2000 10:04:00 PM
From: Shtirlitz	Read Replies (2) \| Respond to of 99985

Let me put my 2 cents worth. This correction isn't over yet, IMO. 1. LU and GTW blow-ups, and IBM before that, will not be the only ones. Earnings will not be as good as the market expectations. For ex. CSCO has also suffered this quarter. Remeber this article in Barons a couple weeks ago. There is some merrit to it. Also they had to recall some products this quarter. I expect them not to beat expectations, which will be equal to failure. 2. Tuesday is YHOO's earnings. One of my favorite indicators. YHOO usualy sells-off after the report and drags most off the techs with it. No matter how good the earnings are it sells-off every time. I expect stocks tostart falling out after the first earnings reports. If the market will be fluctuating in the unchanged territory tomarrow, I'm going all out short at the end of the day. (And I suspect thats how it will be). Let's see.

To: dennis michael patterson who wrote (37114)	1/9/2000 10:06:00 PM
From: dclapp	Read Replies (1) \| Respond to of 99985

>> if the LU blowup cannot tank the naz, nothing will... LU is an isolated case? How soon we forget that IBM said that it would have ZERO profits this quarter. Earnings -- even for those companies which have them -- are rising at a fraction (if that) of their share prices. This bull market, supposedly, rose on the back of rising earnings and declining interest rates. Take those away and only momentum remains. Please have the good grace to blame nobody but yourself (I know, it will be hard) when the inevitable happens to this market.