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To: HammerHead who wrote (33717)	3/11/1998 12:17:00 AM
From: qpd	Respond to of 176388

Great recommendation. READ THE LAST SENTENCE !!!!! Tuesday March 10, 9:52 pm Eastern Time Prudential's Acampora reiterates Dow 10,000 view NEW YORK, March 10 (Reuters) - Prudential Securities' technical analyst Ralph Acampora is once again forecasting the Dow Jones Industrial Average could hit the 10,000-level this year, after racheting back this forecast in December. Accampora predicted on March 2 the Dow could might hit this mark by June or July 1998, depending on stock market activity over the next two months, a Prudential spokeswoman said. ''From a top-down technical analysis, the market looks like it has gotten ahead of itself,'' Acampora was quoted as saying last week. ''But the bottom-up picture is more rosy. We are in the midst of a broad-based quality rally that could take the Dow past 10,000 by June or July of 1998, depending on how the next two months play out.'' Acampora, who said in December that the Dow might not hit 10,000 until 1999, told the brokerage firm the stock market now seemed able to absorb weakness and that downturns should be used as a buying opportunity, the spokeswoman said. ''The (stock) market is in better shape than it was three months ago,'' he was quoted as saying. He was not immediately available to comment. Acampora also told CNBC television on Tuesday the airline and retailing stocks were seeing a technical breakout, but he also liked cyclical companies such as International Paper Co (OTC BB:INPAP - news; IP - news) and Nucor Corp (NUE - news). The Dow rallied on Tuesday to close at a record high, finishing up about 76 points at 8643. ''The market is very broad-based and there is good buying coming in,'' he told CNBC. Among technology stocks, Acampora told CNBC he particularly liked Dell Computer Corp (DELL - news) and Microsoft Corp (MSFT - news).