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

To: fedhead who wrote (39640)	2/10/2000 6:15:00 PM
From: pater tenebrarum	Respond to of 99985

Anindo, i am well aware that there are stocks with bullish chart patterns and breakouts...and you may well be right with your view that the former leaders will base and then make another run. after all that's what has happened with astounding regularity in the course of the mania. as long as the Fed keeps on priming the pump, the game will continue to be played. but think for a moment about this statement...is it always going to work? it's largely a matter of confidence, and confidence is at its most vulnerable when people are complacent. i have to admit though that the rally has endured for an extraordinarily long period of utter complacency and conceivably this could go on for a while yet. just be on your toes... regards, hb