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

To: Crimson Ghost who wrote (75181)	4/17/2001 5:51:09 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 99985

George, I anticipated a rally 10 days ago, and posted on this tread during that weekend. Further I responded to BB that I also anticipate a rally based on sentiment only, and also to you Message 15656581 The truth is that CSCO write off was astounding by any measure $3.7 billion of counted assets went "puff" in a company that all of last year earnings were lower than that. That to tell you the truth was a shocker to me. Today market action was even more of a shocker including after hours trading. Put things in perspective TXN and INTC earned less than 2 years ago and the stock goes up and is now over 50% above were it was wen TXN and INTC earned the same amount. quote.yahoo.com Well I do not know what those buying those stocks are smoking or hallucinating as I do not believe that it is all a result of short covering. It seems to me that this market continues to trade based on sentiments and ignores completely fundamentals. BWDIK Haim