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


To: Saulamanca who wrote (70913)3/1/2001 6:35:48 PM
From: Doug  Read Replies (1) | Respond to of 99985
 
Jim: Its becoming impossible to reason. ALTR a bellweather PLD announced next Q will likely show a loss, the next Q not much better. Yet despite downgrades in the week , it moved up $2.

On the other hand a Pharma with a P/E of 18 and a growth near 20% was down over $2 from its day high despite an earlier +ve recommendation.

Theas are not the signs of a conventional bottom.