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

To: Rarebird who wrote (40814)	2/20/2000 11:18:00 AM
From: Les H	Respond to of 99985

I'm seeing stocks in the industries: Telecom - Service, Telecom - Cellular, and Media - Cable, having rolled over. Some of the internet services (marketing, etc.) and software are also starting to roll over with the FTC looking into everything. I suspect that the correction into the telecom and cable services will eventually pull down the other tech sectors since they're responding to weaker demand. Also, there was a ruling this week on one of the cable systems not having to open up access to other internet access providers. I think the key period is the March/April rally, if the rally even extends out to April.

To: Rarebird who wrote (40814)	2/20/2000 12:41:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 99985

Rarebird, I am not sure were the market is heading but all signs are in for a down draft. The utilities are not the indicator they were due to the new businesses they are entering -- e.g. telecom and fiberoptic networks. The only reliable indicator from the DOW theory is the transports. I think that the banking index is replacing the utility index and the banking index does not look pretty. As to your other remarks, I brought up the issue of King Solomon writings as an astonishing example of how humans have not changed over a 5000 year span. In my opinion his conclusion are striking. There is not the issue of trading on faith it has to do more that there is not such a thing as "New Era". The economies of the world are evolving in certain way but do not make old and proven yardsticks of valuation absolete. During the Tulip mania or South Sea bubble there were the same justification for bidding higher the prices of items under speculation only to later realize that those prices came crushing down to earth. This was my reference. Haim BTW - if you will read the Song of Songs you will realize how little we changed on issues related to love, romance or sexual desire.