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

To: Vitas who wrote (12311)	4/28/1999 9:51:00 PM
From: HairBall	Read Replies (3) \| Respond to of 99985

Vitas and All: Could you give me some URLs for online "free" charting sites. I had a request in the MDA Web Site guest book... I will add them to the links section. Regards, LG

To: Vitas who wrote (12311)	4/28/1999 10:12:00 PM
From: American Spirit	Read Replies (1) \| Respond to of 99985

Life goes on and so does the market. Money is rotating around. The cheap cyclicals are catching up. I'm not worried about the techs or the quality nets. Good to diversify but if AOL goes down to 130 I buy. And so will a lot of other people. Because in a very short time there will be a rebound just as violent as the fall. That is the tech and the net revolution for you. You can't keep these stocks down for long. I'm glad cyclicals are catching up and I wish I had invested in them but they will soon fall back as well. Bottomline no one knows how high we'll go and how steep corrections will be but every correction so far has been a great buying opportunity. August 31, October 8, last Monday. If you had invested $100,000 on each of those three days you'd have millions now. Also where are people going to put their cash? In bonds? Not for long. The phenomenon of stock buying in the late 90's is - well phenomenal. Foreign money sees the US stock market as a safe haven. And there is no mega-trend taking place which will put out the tech stock fire. On the contrary. New paradigms are being formed all the time. Just think what's happened in the past year? A little frightening to some but more and more exciting to others. tech stocks get bought because they are revolutionizing commerce worldwide. The companies which don't keep up are the ones which will fall behind. Also nobody wants to be the one left out of the next big tech rally. Do you? I am a cautious bull who tries to pick the right undervalued stocks and not panic. Especially when everyone else does. Whenever I've been impatient and sold an undervalued winner I regret it later. Still I do get hurt from time to time. And I did dump some weaker tech stocks this morning. But is that the end? Not at all. I still have the stocks I like and some extra cash and nomatter what happens short-term buying will continue whenever bargains present themselves and fortunes will be made (and lost). We are at record heights now but I look at my stocks and I see them all as undervalued (at least someday soon). Good luck investing, win lose or draw.