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To: Electric who wrote (37261)	3/24/1998 6:11:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 58727

E Internet stocks scary????? no way guy<g>...PE's what the hell are they kid!!! stories & more stories that's the ticket.. why use ordinary TA & FA, it's old hat<VBG>... i'm just rolling with this behemouth market...it's outta control... What do I like...got an hour???? I have---CCL-WFMI-PFE-PFE<G>-AHP-KSS-YHOO-LHSPF-RXSD, and i'll probably sell my puts on KLIC & cover my short position... Hey i'm gonna have to buy a techie or 2.....:>}

To: Electric who wrote (37261)	3/24/1998 7:20:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ------------------------- Previously, I had mentioned the HEAD & SHOULDER chart formation on the NDX, with the RIGHT SHOULDER at 1180 range. Today the NDX broke away from the HEAD & SHOULDER formation, which indicates it will should be heading higher. The NAZ and SPX and CWX also set new highs today. The CWX(SOFTWARE INDEX) is now the strongest HiTECH index and is showing much strength. With the MSFT news it should push this index and the NDX/NAZ up more. Unbelievable, but technically we are going higher, at least for the short-term. The SOX is still showing weakness, but has not and will not be a leader to the upside. It will just lag and move up in small amounts as the rest of the market moves. However, it is likely that it could be the leader to the downside once the market turns and could be setting new lows. This is the area to play PUTs on, especially if it rises more. I am not saying that the SOX will not move up, but that the moves up should be small and the dips larger. Originally I had felt that the NAZ could not break-out without the SOX, but now being proven wrong. The SOX will now probably just be a laggard as money moves from one area to another. The rest of the market is actually holding up the SOX, but once it lets go the SOX most likely will dump. It appears that the NAZ is on the verge of break out, and without the help of the SOX, which is even more amazing. How much higher - who knows exactly, but 9000 appears to be a certainty to most. Using Elliot Wave and FIB numbers, the projection is toward the 9200-9400 range before a sizable reversal. Its hard to believe but the market has picked up a head of steam with the NAZ, at least for the short-term. As for tomorrow, it should be a little flat after todays performance and may even dip intraday. Seeya