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

To: Saulamanca who wrote (77791)	6/2/2001 6:20:01 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

On the other hand, you got to understand their point of view as well, even then market valuations were somewhat exuberant (hey, AG complained about irrational exuberance a full two years ahead of that <g>), and they simply refuse to believe that markets do go to extremes, and determining how extreme is extreme enough, is not in the purview of fundamental analysis, only technical analysis has a chance (and even then, only a chance) to call changes in market psychology. By Jove, even at 1600, the Naz was still overvalued. The Dow for the last three years or more has not even come close to be "rationally priced", and the last time S&P 500 has seen "rational prices" was in 1990, if memory serves. The lesson is that being too smart can damage your pocket book, as a recent study of the market performance of Mensa members showed (they averaged 2.5%/year over these great market years till 2000 came around). Zeev

To: Saulamanca who wrote (77791)	6/2/2001 7:22:58 PM
From: bobby beara	Read Replies (1) \| Respond to of 99985

Jim, here is something of interest from that thread -g- Yes Luc may have gone over the edge and lost his perspective, but nothing indicates that yet.>>>>-ggg- siliconinvestor.com do we have an indication now -g- that got me going to go back re-look at some posts from the october 98 bottom, i'm usually like this right at the bottom -gg- Message 5955138 then i turned bullish and got about 20 people telling me i was crazee -g-. Message 5982762 he was just starting hate me here -lol-, this got replayed this april when he opened up the clown closet and let anybody in and i posted bullish -lol- and i was the butt of some bear bigotry -g- and got re-booted -g- Message 5987126 should have stayed watching the film longer, but thats another saga -g-