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

To: KymarFye who wrote (66493)	1/10/2001 8:17:44 PM
From: marginmike	Respond to of 99985

a terrorist Nukes manhatten we would be there in a day,

To: KymarFye who wrote (66493)	1/10/2001 9:43:02 PM
From: bobby beara	Read Replies (5) \| Respond to of 99985

hey kymar dude, japan gave up almost all it's 80's decade long parabolic at the 1998 low, ya ya i know the nasdaq is not the nikkei and we are not japan, that's wat they told me in january thru march when i posted my comparison chart, this time was different, this was a new economy, the internet will change everything, valuation metrics have changed, p/e ratios are irrelevant, buffet is out of touch, dow theory is outdated, buy n hold forever, there is no other place to put ur muny but equities, yadda yadda (an der's lots a yadda's) i believe we have the reverse sentiment picture of the death of equities in 1982. the rally of the last couple of days in nasdaq had a crappy ziggy zaggy look and maybe the greenie rally was the extent of the countertrend rally off the oversold new year bottom. there are triangle on the semi's, triangle on the pulse of the speculative market jnpr and an other patterns i see on a lot of stocks that could go up or down. i was busy with other stuff and got complacent today and didn't sell the buying panic into the close. if the greenie rally was the finish of the countertrend rally, then the top today was the beginning of a big wave down that will bring all the indexes to new lows soon. hochberg bullish - rite, he wanted to buy cmgi in late november for a rally to the gap. we appear to be in an unwinding phase of the extreme bullish sentiment going into march, and finding the bottom for anyting more than a day or 2 rally (nas) will contineu to be elusive.

To: KymarFye who wrote (66493)	1/10/2001 10:01:06 PM
From: David W. Taylor	Respond to of 99985

>> What's so silly about it? << What was silly was that Ibexx was suggesting that a return to 500 on the Nasdaq Composite would somehow render all CD investments valueless. It would have serious effects on the value of the US Dollar but the government guarantee would hold. My response was "tongue in cheek" but there was a hint of a barb. Nasdaq 500 is around an average P/E ratio of 20, which is usually considered to be the long term norm. There is no doubt that a LOT of folk would be EXTREMELY unhappy at Compx 500. We will probably find that out first hand over the next few months. We are on our way to around that level.