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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (30564)	8/5/1998 3:09:00 AM
From: PaperChase	Read Replies (1) of 132070

MB. Alas a fake "correction" in the market to appease the bears. But wait, I predict that within the next 4 weeks, the Nasdaq index will show the biggest one day increase in its history. The mania isn't over until someone drops a nuke on Trenton, NJ but then again the spin doctors might call that a new form of urban renewal. <G> I guess you and I and others have been around long enough to know this isn't a correction. It was only a few months ago when the Dow was 7800 that some respectable analysts said we were due for a 10% correction from that level. The way I see it, the bulls mistakenly see this as the correction they knew would come sooner or later. Going forward over the short term, the bulls merely see this as a trading cycle. You can hold me to my bold prediction: The Nasdaq index will have the biggest one-day gain in its history within the next 4 weeks. If this doesn't happen then I am going to give up momentum investing for good and just watch my boring dental stocks.

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