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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 135.65-2.8%10:40 AM EST

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To: goldsnow who wrote (6472)8/5/1998 2:17:00 PM
From: Jim Willie CB  Read Replies (2) of 10921
 
dollar holding up very well
with a mini-meltdown, dollar would ordinarily have given up much ground... but $ is around 143-4 yen

with morning rally having run its course and turning negative, gotta conclude weak and putrid bounce... declines lead advances on NYSE by 3/2

Abby Cohen has finally spoken, saying selloff overdone... events have displaced Cohen as defacto WallStreet seer... is Acampora new grand puba seer?

next stop Dow 8000 with only significance of Dow 8450 being a 10% pullback on gross point basis... that is a measure of zero significance to technical traders

in a vacuum no man's land now... LOOK OUT BELOW

/ Jim
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