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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: JP Sullivan who wrote (27972)	8/5/1999 10:38:00 PM
From: Sir Francis Drake	Read Replies (1) \| Respond to of 74651

Winston, I personally don't believe AOL will hit the 50s in the foreseeable future. My take for the next week is somewhat shaped by cycle work and the McClellan oscillator. My work indicates to me, that for the immediate period ahead, the strongest stocks in the market have just seen their bottoms (for the intermediate term); however neutral to "average" issues will not reach their bottom until early-mid next week; weak issues may take even a bit longer. However, for the stronger issues a slow rally will begin, and later in the week there should be a broader market rally. Later in the year, I do strongly suspect MSFT could see mid 70s, but not this month, IMO. Morgan