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

To: globestocks who wrote (63292)	11/29/2000 2:05:31 AM
From: Rob S.	Read Replies (1) \| Respond to of 99985

This is just a snap back of nose bleed level stocks closer to real-world valuations. Although there are many stocks that are now cheap by all those outdated fundamental measures that analysts dismissed as irrelevant just a few months ago, there are still a few pigs left. I think we are close to a short-term bounce but then the fiber-telecoms, biotechs, and a few other piggies will come back under the falling knife. The NASDAQ may finally bottom around 2350. And just think, some were calling for 10,000 as early as next year!