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

To: pater tenebrarum who wrote (14866)	5/25/1999 12:41:00 PM
From: KM	Respond to of 99985

<<many people conveniently forget that most of these stocks still trade at very high levels>> You ain't kidding there. I had CMGI in the 160s just a couple of months ago. INKT in the 68 area. And those are just the ones I can think of at the moment. From the highs, it does look like they've corrected a lot but they're still way way up there.

To: pater tenebrarum who wrote (14866)	5/25/1999 12:52:00 PM
From: RealMuLan	Read Replies (1) \| Respond to of 99985

heinz, I agree with you on the most of the things you said. But I think it takes another LTCM-sort-of-disaster just to see another crash with a scale like last Aug. to Oct., not to mention a bigger crash. There are just too many new investors/suckers on the market right now, and more are coming everyday. Adding to the possible extension of trading hours for both NYSE and NASDAQ starting in June? this bull market still has plenty of legs to run. This extension of trading hours means a lot of people who hold a regular job will have chance to be a part-time day traders. I am not saying they would be successful, but at least a large percentage of them will try, and maybe they will stop only after they lost big. Of course, this is just IMO. Best.