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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1382)	11/18/1999 6:28:00 PM
From: marginmike	Respond to of 19219

Their saying all the things that freighten me. Like new ERA and nothing is stoping us. There are people on the QCOM board who think Qcom will be a 1.5 Trillion dollar company in a few years???? I think the point of 1929 is the long term investor from March to Nov had a good return if they owned the better names. This was much like 87. A depression like 29 scenario will not happen now to many safegaurds and intl trade. If we get a 30% correction I think that we bounce back anyway, so it would be a buying opp. Unless fundimentals change this market might correct but it wont break. When Margins get squeezed, and profits shrink then start to worry. We are only in the 5th inning in my opinion. I am looking for major correction 12-18 months from now. Anything now is short term. The Dow is only hitting its old high now, and the market is broading out. Even though breadth is bad, high fliers MSFT, DELL, QCOM,INTC IBM are resting and lots of russel and small caps are coming off the mat. Those stocks must have their bull run before the WHOLE run is over.