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To: fut_trade who wrote (80873)	12/22/1999 7:53:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 86076

Peter, my guess is that this improvement in NDX breadth may be a sign of growing conviction...who knows, NAZ 4,000 may yet turn out to be the equivalent of Nikkei 40,000. in any event, most NDX component charts are extremely overextended and i expect profit taking to arrive early next year the latest, when it will not have tax consequences anymore. in fact, the extreme tax loss selling in the laggards and the overbought readings on the darlings suggest the best course of action now could be to sell the better performers and buy some of the laggards for the January effect.