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To: Jim McMannis who wrote (44404)1/8/1998 11:04:00 AM
From: Paul Fiondella  Respond to of 186894
 
Definitely an interesting market day

The first level of buyers going after the semis came in strong. They brought the price up through 74. The question now is whether the second level of buyers will buy in at the no longer cheap price.

Take a look at MSFT and you can read this clearly.



To: Jim McMannis who wrote (44404)1/8/1998 12:17:00 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
Jim, re: "Nasdaq is holding up a lot better than the DOW..."

One of my keys to allow a rally is the nasdaq has to start outperforming the Dow in equivalent points. One day isn't a trend, but it's a start (as opposed to yesterday).

John


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