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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)
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To: Tim J. Flick who wrote (15035)4/18/1998 1:19:00 AM
From: Hawkmoon  Read Replies (2) of 31646
 
Tim,

I don't know what data you are looking at but I think we have a couple of more weeks to go before any major correction. There is just TOO MUCH money coming into this market and with a few exceptions there have been relatively few earnings disappointments(of course, analysts downward earnings revisions assisted in this). $6 Billion can into the market just last week as reported by CNBC and we also made it quite nicely through the 9,000 threshold.

The only thing that REALLY worries me is Japan. Without major efforts on their governments part to induce consumer confidence, there may be further downside in the Nikkei, with the resulting financial breakdown of their bank capitalization requirements.

But I think Acampora is right. We're headed towards 9,500-10,000 by July on the Dow and then watch out.

Regards,

Ron
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