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

To: bobby beara who wrote (5272)	2/2/1999 11:40:00 PM
From: The Perfect Hedge	Read Replies (1) \| Respond to of 99985

bobby- What are you short? NEM is kissing it's 50dma...I guess tomorrow is the test,huh? B*

To: bobby beara who wrote (5272)	2/2/1999 11:48:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 99985

BobbyB, yes there is a bit of an anchor...I am pretty confident that the Y2K situation will make every one have Fear doubt and uncertainty about technology and their reliance on it by this time next year. I have spoken on a daily basis to the world-wide coordinator of Y2K implemenation for one of the 10 biggest public companies in the US and I am betting that Y2K will be the evil twin of the benefits of just in time, world wide manufacturing and trade that has been the golden idol that this bull market has fixated on. Watch in 9 months, when there will be 6 Trillion Dollars in law suits by innumerable law firms for Y2K deficiencies that will exist in every technology sector...you have to believe that the lawyers are ready and willing to sue for a piece of that payday. This and the fracturing of trade and output will cast a pallor of uncertainty and liability such as the Tobacco Industry on Most technlogy Sectors. The Courts, Judges and Political Whims will cause massive moves in stocks as the potential for bench rulings and trials with unknowable outcomes cloud the future. and the Appellate Process Forgettaboutit...... At this point pull out your value line from 1984 and look at the PE's that the high tech growth stocks had and try to see the future in the past. BobbyB I have confidence that all of us with our ear to the Ground shall weather the storm...and some shall prosper. Best Regards, John