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

To: TobagoJack who wrote (63412)	11/30/2000 12:24:04 PM
From: KymarFye	Respond to of 99985

A few weeks ago Les linked us to a report from a company which blamed its earnings shortfall on salesforce distraction by the company's falling share price. Also, obviously, if you thought your options made you rich and instead they're worthless, then by now you're probably beyond discussing the market and into discussing the likely survivability of drivewaycracksealer.com or alternative lines of work. At this time though, as observed before, the election controversy, to some extent propelling the market decline but at the same time masking it (and inducing many to wait for the presumed post-decision rally), seems to have put the Nasdaq in "I have no mouth, but I must scream" mode. Or maybe it's like a little kid waving in vain for attention from the teacher, and peeing all over his seat. We all went through what Bollinger described as a "death in the family" last March-April. Though mathematically the fall from the March high to the May low isn't that much greater than the fall from the Summer or pre-Labor Day high to hereabouts, it just doesn't seem to have provoked the same levels of fear and loathing. You don't hear so much about crowds gathering to watch the show at the Nasdaq. The numbers don't seem as dramatic: 150 off the Nasdaq at depressed levels is proportionately the same as 300 off its high, but people, as we know, have their own way of looking at things - and supreme mathematical ignorance is everywhere. Also, that the Dow is still sitting up there (for the moment) in the mid 10000s may be offering false comfort - that Greenspan is still in heaven and all is right with the world.