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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (6304)	2/24/1998 6:45:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

Do not forget fundamental market effects like the movement of money by the mutuals which account for over something like 1.5 or 2 trillion dollars in the market. This is what I think Judy is referring to when she talks about the liquidity in the market which is the supply of funds that are moving into stocks. However, the rally recently has become rather anemic since it has been focused primarily on a limited number of stocks in the NASDAQ 100. Note that fewer stocks in the high-tech sector have been participating in each successive market rally. The quality of leadership appears to have been deteriorating. This may very well prove to be a short lived rally once the fund money has moved back into the market. But there can be substantial price increases before this happens, such as we have been witnessing with the NASDAQ 100. Do not forget about the foreign investor and there interest in our bonds and blue chip stocks which are a part of the DJIA. Bob Graham

To: Chris who wrote (6304)	2/24/1998 8:52:00 PM
From: Electric	Read Replies (1) \| Respond to of 42787

Chris, Let me know if the NAZ is going to pull back based on your charts.. Also, I bought that MRK call (Mar 135) I bet she rolls in the near term. It seems to me that there has to be a reason for this talk about a correction.. It doesnt seem concrete to me. I was listening to these people talking gloom and doom and I thought that it was like Wag the Dog in real time. What basis is there for this pullback that is new to the market? I would like input... Thanks!!

To: Chris who wrote (6304)	2/24/1998 10:07:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 42787

To: +LastShadow (5550 ) From: +LastShadow Tuesday, Feb 24 1998 9:26PM EST Reply # of 5555 Market Assessment Not good. As the indexes below show, yesterday's tech strength wasn't maintained. the highest sub-sector performance was in Luxury Goods, and that was a lousy 2%. All sectors were negative. With the exception of the dozen under $1 tickers in the microcap account, I now only hold 8 stocks. Three of those I may exit tomorrow. However, I would like o point out that the primary reason for being out is to have cash available to pick up stocks that may just locally reverse. I do not want people exiting their positions based on my or anyone's assessment. The indicators I use, although fairly accurate differentiate more in terms of market swings on 15 day and 30 week cycles. The 30 week indicators have been known to lead the actual market by as little as a day and as much as 10-12 days, and usually the later. I designed it that way to give me time to exit. Having said that, the market still looks like a its started the correction. Please set stops. INDEX SYMBOL CLOSE CHANGE CHANGE % NAME CRY 224.140 -1.960 (0.87%) Commodity Research Bureau Indx DJIA 8,370.100 -40.100 (0.48%) DJ Industrial Avg (Actual H/L) IND 8,370.100 -40.100 (0.48%) Dow Jones Industrial Average NCM 1,738.710 -13.050 (0.74%) NASDAQ Composite Index RUT 454.300 -1.990 (0.44%) Russell 2000 Stock Index SPX 1,030.560 -7.580 (0.73%) S&P 500 Index TRN 3,418.840 -78.670 (2.25%) Dow Jones Transportation Avg UTL 268.220 -0.580 (0.22%) Dow Jones Utilities Index XAU 68.920 -0.680 (0.98%) PHLX Gold/Silver Index XOI 445.410 2.610 0.59% AMEX Oil Index Additionally, the negative intraday range and collective drop of 5 of the 6 funds listed below hasn't happened since last October. Individually, however, all of these have generous 30 day gains of almost 10%, and we know none of them would sustain that for the year (equates to 110+%). MUTUALS SYMBOL CLOSE CHANGE CHANGE % NAME BIGRX 25.890 -0.110 (0.42%) BENHAM INCOME & GROWTH FMAGX 101.620 -0.810 (0.79%) FIDELITY MAGELLAN JAMRX 18.270 0.060 0.33% JANUS MERCURY KAUFX 6.710 -0.020 (0.30%) KAUFMANN FUND PBHGX 26.330 -0.250 (0.94%) PBHG GROWTH VPMCX 42.880 -0.430 (0.99%) VANGUARD PRIMECAP TOT/AVG 36.950 -0.260 (0.52%) lastshadow