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

To: KymarFye who wrote (63339)	11/29/2000 2:49:05 PM
From: globestocks	Respond to of 99985

True- averages are always on the conservative side. But for companies with P/E level higher than my body weight proves to me the "Castle in the Air" theory proposed by Keynes. The value of a stock, as more and more people become interested, is based on instrinsic values. Thus people's psychology is more important indicator of short-term price than actual fundamentals. So where does this leave the average investor? my feeling is that the more knowledge becomes accessible, especially over the internet, the better and more secure investments will become. But that hasn't always been the case lately... Who do we blame? Personally, I think shorts or puts are ridiculous and I can't wait until some of these people get a margin call... I know, it's terrible to wish a margin call on someone, but I think it has to be done.

To: KymarFye who wrote (63339)	11/29/2000 2:50:24 PM
From: HairBall	Read Replies (1) \| Respond to of 99985

KymarFye: I found a little time to catch up on my SI reading...<g> I noticed some are still discussing the now infamous Dow Diamond Pattern...heck, I just changed the name on my charts to Dow Rhinestone Pattern...LOL Nice little intraday rally in the AM today. As I type, the last of the NAZ Indices falling support lines are being penetrated once again, third time for the COMPX and fourth time for the NDX and NAZ Emini. Decision point for the NAZ, time to rally if it is going to do so. If the NAZ price action declines much further below the support lines that will likely produce an accelerated decline. Time/Sales action in CSCO seem to be struggling to prevent just such an acceleration... Regards, LG