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Strategies & Market Trends : The Stock Market Bubble
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To: epicure who wrote (919)8/1/1998 11:17:00 AM
From: Les H  Read Replies (1) of 3339
 
I think the semiconductors and some of the hardware stocks may be the leaders in the next market run. The computer software and computer service stocks are lagging badly. I had two buy signals in AIQ this week but yesterday's action did damage to the confirmed buy signals which dropped from 79% to 53% (confirmed by 10-49 EMA crossover). I think a test of 8500 and a shakeout below it may be necessary to raise the bearish consensus. Today's Barron's has Peter Eliades article on double tops and bear markets.
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