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

To: Crimson Ghost who wrote (37783)	1/22/2000 3:48:00 PM
From: Robert Schling	Respond to of 99985

Totally agree. I was looking at a bunch of charts today, and stumbled over old speculative highflyer Presstek (PRST) which has risen from the ashes (the stock, not the company) and is making new highs. A bad sign, if you ask me. Robert

To: Crimson Ghost who wrote (37783)	1/24/2000 12:33:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

George, similar arguments were made before, when the cyclicals began to run last year for example. but i agree that the bull market is at a late stage. some kind of shake-out is probably near, but no-one will be able to pick 'the' top, except by luck. after all, the charts usually look quite bullish right at the top. nevertheless, there's now so much speculation in BB stocks and other rather obscure sectors (fuel cells to name one) accompanied by loads of anecdotal evidence that people who never cared about stocks before are beginning to play the market, it's downright frightening.