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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (2291)	2/4/1998 9:02:00 PM
From: Market Tracker	Respond to of 18691

Good Evening Roger and All - The stock market as measured by the Dow Jones Industrial Average appears to be entering a critical juncture as it prepares to test its prior highs of the recent past. I don't profess to know which way it is headed, but recommend watching the averages quite closely over the near-term future, as one way of ascertaining that direction. The new highs/lows list, (as one indicator), seems to be saying the recent run-up did not have universal participation. Maybe a rising tide doesn't always lift all boats. I know you feel the market may approach those past highs early in 1998 and become weaker over the next few quarters, and that time may be near. Analyst's corporate profit forecasts for the second half of the year are being trimmed as we speak, and US exports may find the going a bit more difficult in the coming months. The 1998 balance of trade, (exports - imports), may be hard-pressed, particularly over the second half of '98. The market is trying to tell us something about the balance of the year and the signals bear close scrutiny. FWIW, MT PS - cnn.com I hope he takes heed.