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

To: HairBall who wrote (53958)	6/13/2000 9:46:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

I travel/work a lot in Europe and the dollar is very strong over there. What's this about a weak dollar? You get almost a pound for your dollar now and in Holland 2.45 guilders. Six months ago it was 2.1 guilders. I don't know a thing about TA except when I look at a chart I can see apparent levels of support, price targets, etc. When I compare that to earnings projections and the like I arrive at a conclusion. Nothing scientific about it. Wish I was a TA wiz but then again it's not a perfect science. Nothing is or else we'd all be doing it and we'd be RICH. Still I'm sure it has great value in timing the market which is really what this game is all about. I just look for oversold conditions in certain stocks and I saw a lot of them this morning. A lot. Down to old support levels which didn't reflect current trends. Behind the times. Inefficient. Could be wrong but I'm pretty sure we're moving up. Of course these days a rally can last oen day, but strong ones can move you up 4-5% on your portfolio in a session. Since my target's only 10% higher from here that's when I'll start profit-taking. Hey these days you gotta grab those 10% moves. Or else just hold longterm. Retailers are ones I'd hold until 4th quarter. They're dirt cheap here.

To: HairBall who wrote (53958)	6/13/2000 11:34:00 PM
From: marginmike	Read Replies (2) \| Respond to of 99985

Hey LG I am bullish, on Qcom once in a whille <g>

To: HairBall who wrote (53958)	6/13/2000 11:42:00 PM
From: marginmike	Respond to of 99985

The first stock that comes to mind would be DELL, and then every dotcom that doesnt make money. Then maybee ERICY which will have negative margins on cell phones if the keep up their bumbling ways. I could give yo 50 companies that have no right trading at their current valuations. MFNX,CSCO,DELL,ERICY,mot,INTC,MU,CNXT I could go on. Ive owned every one of these stocks at one point when they traded at a ratio arround their growth rate. INTC is a great example of an overvalued stock that is relient on the PC biz. In which they are loosing market share. Meanwhille its got 4X PEG. It growing at 13% and has a 60 pe? Why? If your right wouldnt buying CHase at a 1PEG make more sence(cents).