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To: in_outdaily who wrote (51981)	9/28/1999 10:47:00 AM
From: ItsAllCyclical	Respond to of 95453

>> One analyst on CNBS came on this am and said he sees the dow going to 8000 by the end of the year. This is unusual because CNBC doesn't usually allow such extreme viewpoints to be aired... << I don't consider that extreme in the least. Fundamentals are still there, but y2k jitters and a clear breaking of the 200 dma by the dow could easily lead to a short term correction to 8000. Last time support was around 7600-8200, so it's no real surprise he picked this number... That said I'm still heavily invested in the E&P's.