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

To: Les H who wrote (52063)	5/25/2000 12:35:00 PM
From: 10K a day	Read Replies (1) \| Respond to of 99985

Oh my! .. This can't be happening! .. This is outrageous...

To: Les H who wrote (52063)	5/25/2000 12:55:00 PM
From: kami	Read Replies (2) \| Respond to of 99985

I am not convinced of yesterday and today rallies. Psychologically, Investors and market mind set and prepared to challenge NAZ 2800-2900 area and stays there for clean basing and consolidation.. kind of short term bear market. All NAZ high flyers back to high P/E again and I do not see a convincing upward momentum. There are some quality tech stocks are beaten up and yet trading at very high P/Es. Until now, we were worry about inflation, and I see steady slow down toward the end of year. This slow down will effect some companies' growth and earning. Now we are facing another side of inflation " side effect of inflation".