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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Drbob512 who wrote (6764)	9/28/2000 4:22:36 AM
From: onefatslob	Respond to of 100058

Well, I think that the similarities between the NIkkei and the current Nasdaq market is eerie. The double tops forming are making me a bit worried... I'm going more on my gut than my TA... but my gut is, I admit, being influenced by fear. I still don't like the PE ratios of some of our big cap Nasdaq stocks, like YHOO and EBAY, amongst others... it just seems like we have a lot of risk on the downside. However, I totally think that MSFT and INTC are undervalued. I'd rather buy them and hold for the next two years versus buying something like KREM. Good luck to all of us.

To: Drbob512 who wrote (6764)	9/28/2000 11:27:25 AM
From: Kracko	Read Replies (2) \| Respond to of 100058

DrBob, my opinion on there being a bull market around the corner is this. I've been hearing this so often on the boards here and on CNBC that I'm beginning to feel as if it's a contrary indicator. Not only that but the ratio of investment newsletters if 52% to the bullish side - another contrary indicator. And the put call ratio is pretty neutral (.71) - however it has been climbing. This goes against the grain. So while I hope you're right, I'm a bit skeptical.