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

To: Mike Farrar who wrote (5306)	3/20/1998 7:56:00 PM
From: Lazlo Pierce	Read Replies (1) \| Respond to of 18691

A couple of interesting links. 1. A cute parable about the "new paradigm" Message 3785501 2. A real interesting look at the NASDAQ and how MMs really work (thanks Don!)http://www.forbes.com/forbes/072996/5803072a.htm Dave

To: Mike Farrar who wrote (5306)	3/20/1998 8:16:00 PM
From: Market Tracker	Respond to of 18691

According to my understanding of the Elliot Wave Theory, the Dow and S&P 500 are now in the fifth "up" wave of the bull market. If this is true, the theory argues, we have entered the blow-off top phase of the 5th upward leg, as can be seen on a 10-year chart of the averages. With the Dow up >12%, S&P >13%, NASDAQ >13% so far this year/quarter, first quarter mutual fund net inflows averaging $1.7 billion/week over the past month, and end of quarter window dressing taking place, 9000 on the Dow appears to be only a matter of time. Beyond that - Who knows? MT