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


To: UnBelievable who wrote (52480)5/28/2000 9:05:00 PM
From: Techplayer  Read Replies (1) | Respond to of 99985
 
unBelieveable, Thanks for the stats. I certainly do not disagree with your arguments. I dumped most of my holdings with the exception of LU at the beginning of the last decline. I am in no rush. I saw this guy's perspective and figured that I could get some solid arguments against.
I get the sense from reading many threads this weekend that there is almost a 50/50 outlook for the market with this week being the pivot point.

Good luck, tp



To: UnBelievable who wrote (52480)5/28/2000 9:43:00 PM
From: Benkea  Read Replies (1) | Respond to of 99985
 
"April 15, 2000 "I expect we will see some more volatility this week, but that we will hit bottom sometime during the week , buyers will step in and stabilize the markets, and the worst will be behind us."

With all due respect, the 4/17 bottom fulfilled the "more volitility this week" expectation, and has proved to thus far be pretty darn near the bottom. Sure we went a little lower intra-day than we did intra-day 4/17, but it was only a couple %. So far his 3100 bottom +/- 100 expectation hasn't been too bad.

That said, his bullish comments on YHOO after the quarterly came out was in direct contradiction to his "YHOO is over" retoric as he was selling out the position only weeks later.