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Pastimes : Ask Mohan about the Market
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To: Joss who wrote (7801)11/13/1997 3:23:00 PM
From: Joan Osland Graffius  Read Replies (1) of 18056
 
Hi Joss, >>IBM will soon move into the "technicaly broken" or phase 3 category.I always look both ways, but it is hard for me to see how the market turns upward in any lasting way at this point because so many stocks are now at the point that they will "fall under their own weight".

Yes, most of the stocks that I have looked at are in late stage 3 or 4. I have a few bets out there on these late phase 3 and phase 4 stocks. Looks to me like the S&P is getting ready.:-)

Joan
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