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

To: Jorj X Mckie who wrote (37357)	1/13/2000 9:22:00 AM
From: pater tenebrarum	Respond to of 99985

Jorj, that remark was certainly not aimed at you, i know you play the market from both sides...my comment about Utopia having already arrived in the stock market is more of a general nature, as so many stocks have begun to discount an incredibly bright future. it's not even a comment aimed exclusively at the internet and related sectors. imo even traditional stuff like soap makers (PG) are at valuations that make no sense. of course i am aware that that by itself is no reason not to expect even higher prices. in fact i believe that we will continue to see money flowing into the Dow stocks, regardless of valuations. once a certain threshold in valuation measures has been surpassed, anything can happen. one simply has to forget about the fundamentals and concentrate on TA in that situation...and keep a close eye on the FOMC's activities. regards, hb