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

To: lurqer who wrote (50675)	5/13/2000 10:01:00 PM
From: Stephen M. DeMoss	Read Replies (2) \| Respond to of 99985

To All: To me, this year seems no differant than the past 7 which I have been investing. Strong markets from Oct/Nov. through March/April. This year the selling started before the IRA deadlines, but I expected selling around this time. If all remains the same as previous years, I expect a sideways till down through Oct. with the exception of one 'summmer rally' any time from now (for about 3 weeks duration). Everything (including the noise of a bear market) else seems the same. What I do during these 'off' months is sell calls on all my stock positions. After Oct., I let them ride. Anyone in agreement? Steve D.

To: lurqer who wrote (50675)	5/14/2000 10:40:00 AM
From: bobby beara	Read Replies (2) \| Respond to of 99985

>>>FWIW I believe this year is closer to '94 than '74.<<< lurqer, i doubt there were many stocks that looked like this in 1994, let alone 100's of em - (okay maybe a few pennies -g-) 207.61.23.98 the numerous charts like the above paint a much different picture of investor sentiment, than that of 1994, when put/call ratios were averaging in the .75 to 1 area for almost the whole year, which set-up up a nice consolidation base and cash build-up for the rally into july 1998. Also i believe intel had a p/e of around 10 in 1994. i doubt the base in the dow that is a year long now, just like 1994, is a continuation pattern. I keep hearing people pin their hopes on the baby boomers, i can tell you that most of em "did inhale" =g=, and they are a group that can push things to excess, look what they did to 80's real estate, have the excesses been resolved, only arch crawford's hairdresser know fur shure -g- b