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

To: Yogizuna who wrote (13680)	5/12/1999 6:14:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Yogi, re: internet stocks: some of them have started to act a bit better the past few days, but as you say, it seems unlikely that they can climb back to their most recent highs right away. still, with this crazy group you never know. if consolidation continues apace, people will start buying them again. and when they start rising again,the sell-side analysts will be out with their upgrades, and so forth, until one day the whole shebang really comes crashing down to earth. some people have suggested that these stocks may start to wither away slowly. i strongly disagree with that; anything that moves the way the 'net stocks do ends in a gigantic blow-off followed by a similarly spectacular implosion. just take a gander at the late 70's/early 80's commodity charts if you need an analogy. regards, hb