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To: Glenn D. Rudolph who wrote (97354)3/24/2000 3:08:00 PM
From: Mark Fowler  Read Replies (1) | Respond to of 164684
 
No problem Glenn back from town...i think it's best to sit tight in here and not do much trading because the trading ranges will/should get narrower now. Nas looks a bit toppy now on the intermediate chart. I think there will be those stocks that continue to shine however and be very selective and be prudent with new buys. If you bought good stocks near the beginning of this yr. one should do good by the end of this yr. Best to stay out of margin or have a low exposer to it of 20% or less in a well diversified portfolio. Between 4290 to 3835 are major support levels on Nas.

Not likely but don't rule out, however, there could be those rough weeks, if yields rise again or summer slump sets in then we could experience levels down to approx. 3830-50 on Nas. All in all i think the Nas will consolidate for awhile within respective ranges. I think it would be healthy for the Nas.