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

To: Rarebird who wrote (42273)	3/5/2000 11:47:00 AM
From: Jorge Sierra	Respond to of 99985

Rarebird, I see/read you talking fundamentals. Is true that for a large group of stocks it doesn?t seems to care, but for others they do. For some of my observations, the bank sector seems to follow classic fundamentals like book value, pe, future grow. However, for other is just irrational exuberance, like yahoo, qcom, etc. It has been expressed before that tech stocks are not measure by classic fundamentals in terms of pe ( with a pe in 500+, what company can grow like that) or with book value at 3$ and trading at 90$. So, what I do is try to identify trends, and dislocation in valuation to profit from it. I trade a lot sp500, Russell 2000 and international market, by using mutual funds. One big dislocation was the Russell 2000 that by Aug last year their valuation and fundamentals in comparison with sp500 were terrific, so it has been up like 37%+ since then and I still think will go to like 610 near term. I have profit from it. In this thread, they talk a lot about the market (like 60%) and like 40% are about particular stocks and even their options. Usually when I read consensus here that they market will rise it does and that the market will go down it also does. Because here, there are just too many people scrutinizing too many details, oil prices, gold, inflation, interest rates, unemployment, international markets, and on and on. This is the market and even that is crazy, cheap, expensive, doesnt seems to listen to anyone. We, and I, have to profit from it. So, near term ( next 1-3 weeks) Dow back to 10500, SPX to 1425, Russell to 610, and NASDAQ to 5000.