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

To: Joan Osland Graffius who wrote (42535)	3/7/2000 10:03:00 PM
From: bobby beara	Respond to of 99985

Joan, most of these blue chips are still selling way over their growth rates even after significant hair cuts, KO is a poster boy, man is this like the 70's. from the inverted H&S pattern on the CRB that was retested last week and rallied big off the base this week, i believe we have at minimum another 10% upside as the projection. Just the other day some of the opec guys said they would increase production, which is bearish for oil, but oil jumped big since then, which is mega bullish for oil prices. the washout bear market in commodities in 98 i believe is a significant bottom and will take a while to get back to overbought territory. look at the osx, they are just now starting to believe the high oil prices and bringing drillers back online -g- in the 60's tron era the yuppies were driving caddies, in the this new era there driving suv's. new economy my arse, what happened to fedex, it used to be an internet stock -ggg- b