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

To: Doug who wrote (71983)	3/13/2001 8:08:52 AM
From: Mike M	Read Replies (1) \| Respond to of 99985

To allow for this , the NAZ has to make some gain prior to earnings and return those gains post earnings making a new low. Yeah, that's the part I'm not sure of. 82 was a pretty ridiculous price for CSCO. But, is 18 (or 17 today?) equally ridiculous on the opposite spectrum? How about 46 and 15 for ORCL (13 times earnings)?... Perhaps Bobby is right. Maybe the consumer is tapped out. I'm not totally convinced, although, I won't rule it out. Will they return each quarter to new lows? That is the $64 question.