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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (9179)	10/8/1999 5:48:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 15132

justa, the workers got 2¢ more than the consensus estimate, 7¢ more than the prior reporting period. Surely you don't begrudge workers 2¢ / hour. Or do we have to change your SI handle to Justa Scrooge? And what economic principle causes one to believe that more people working and more people earning more money is bad for business? Only the convoluted thinking of those who are hopelessly fighting the last battle (inflation) are doomed to such thinking. JMHO, Ian.

To: Justa Werkenstiff who wrote (9179)	10/9/1999 4:44:00 PM
From: Justa Werkenstiff	Respond to of 15132

One Reason Why the NASDAQ Rally is Suspect Although the NASDAQ is trading almost at a new high, the number of stocks making new highs is much lower now than at the previous peaks in July and and September. In July, the new highs were about 200 and in September they were above 150. On Thursday, new highs were at 105 and on Friday where we surged close to a record NASDAQ, the number of new highs was 92. The rally is becoming narrower and narrower and is not broadening out. This smells more and more like a short term top although we could make marginal new highs IMO. The overbought/oversold oscillator in the NASDAQ supports this analysis and shows lower and lower overbought readings in rallies subsequent to the highs in July.