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

To: Arik T.G. who wrote (6068)	2/11/1999 9:34:00 AM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 99985

>>DELL earnings will IMHO have same or worse outcome then CSCO earnings - a realization just how much those big cap NDX stocks are overvalued.<< Oh come on, you mean a 104 PE ratio for a company selling a commodity is high? Blasphemy!!! <VBG> Heck free PC is giving away pentiums just for taking a questionaire and agreeing to let advertising be on the screen. PCs will soon be like cell phones IMO, sign up for internet service and get a free PC etc. Good Luck, Lee

To: Arik T.G. who wrote (6068)	2/11/1999 9:47:00 AM
From: bobby beara	Respond to of 99985

Arik, I believe that the completed five wave down on the NASdaq is the first leg down and we are now in a correction B or 2, and I'm in agreement that Dells earnings might be a turning point. 9 day RSI on SPX was 37 yesterday, we need to workoff some of the oversold condition for several days before the next leg down can occur. I have a chart of MSFT for the MDA web page. How can I upload? bb