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

To: bobby beara who wrote (44811)	4/3/2000 11:29:00 PM
From: Gary Sanders	Read Replies (1) \| Respond to of 99985

Unfortunately, I know more about software than finances and I don't have the nimbleness to trade as you appear to. I agree with everything that you said in your email & agree with most of what Fleckenstien says (http://www.siliconinvestor.com/insight/contrarian/). I think that there is a huge bubble, that the market is behaving irrationally, and that there will be a day of reckoning. Unfortunately, I got burned playing the market as I feel that it should behave vs. how it is behaving. Kind of ironic that the ones who don't make rational sense & understand how ridiculous valuations currently are - like Abbey Cohen, Joe Battataglia & J6P - are the ones who have been making money. It is unfortunate that there are J6P types will be wiped out when the inevitable pop of the bubble occurs. Reminds me of when I was in college working at a supermarket & a number of people that I worked with got all excited about gold when it was "the" places to put your money. They all bought at the top at around $700 - $800 or so & had terrible losses. Their excitement and attitude towards gold at that point was exactly the attitude I hear from "investors" now.

To: bobby beara who wrote (44811)	4/3/2000 11:41:00 PM
From: HairBall	Read Replies (2) \| Respond to of 99985

bobby beara: I took a run through the Dow Industrial issues tonight. The price action in the Dow issues the last two days looks orchestrated to me....I have seen it for years, just never on this scale! First the Dow drops dramatically in the last few minutes on Friday. Then as recently added MSFT tanks today...other issues are moved up enough to not only offset the drop, but to lure investors. The seesaw is well oiled and still in use... Regards, LG