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To: The Jedi who wrote (2799)11/8/1997 3:13:00 AM
From: Czechsinthemail  Respond to of 95453
 
Every body is now looking to buy this sector. IBD weekend review 24 of the 28 stocks in the graphic review were from this sector. I think we have an intermediate top.

Friday, it looked like somebody was selling. A good chance the selling will continue next week. Echo your sense of an intermediate top. Though I think it is primarily profit-taking, when that happens without buyers stepping forward you can have significant price drops. Plugs in IBD and WSW give evidence of the bullish sentiment, but I think the market has spooked enough people that we may get to see more of the downside.

Baird