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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Jim Lou who wrote (31757)	1/22/1998 5:07:00 PM
From: Jurgen	Respond to of 61433

Jim, i have a problem forecasting the DOW but i expect Dater's estimate with 8990-7510-8445 to be likely, most of the year between 7500 and 8500. First and/or second quarter earnings could cause a sharp correction. The full impact of Asia and the rising Dollar will be seen by then. The dollar could continue to rise against all major currencies; the new european currency will be pretty weak for some time. I can well remember the damage a falling dollar (declined 60% between 1984 and 1994, from 1$ = 3.2DM to 1.3 DM) caused in the german export industrie. Noone wanted to buy a german car -> slowing economy -> earnings down -> less investments -> even slower economy -> ... Nowadays Mercedes & Co are hitting big again, especially in US. Bottom line: No new highs, Trading range. Maybe next year..Let's ask Captain Kirk how to handle Stochastics & Momentum :o) And yes, there are some great shorts out there - my favorite is CSCO. Just my 5c fivespeed