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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Lars who wrote (420)5/5/1997 11:46:00 AM
From: BHaulman   of 42834
 
I think this current advance has several good traits that make it different from small advances in the recent past. It is more like the advance from the '96 July lows with its broad participation and high volume on the NASDAQ and the techs are leading the charge.

I think we won't have to worry about exiting the market for a month or more. It will be hard for me to not react to the market and stay still for the advance that will take place. I am betting that the DOW gets to the upper 7,000's pretty easy -- with at shot at topping 8,000 in the next 2 months (only 13% climb). I think the NASDAQ will make new highs. I heard BB say though that the computer networkers probably wouldn't be at new highs this year. I would be surprised if this happened also, but even if they approach new highs it will be a substantial gain from here.
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