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Technology Stocks : Excel Communications -- Ignore unavailable to you. Want to Upgrade?

To: Flan who wrote (2609)	4/13/1998 10:52:00 AM
From: Terry Whitman	Respond to of 2806

J.B. has disappeared. I expect we may be hearing from McNabb soon, if the sell off continues. I closed my long position last week. Not much of a profit, but it is becoming very difficult to make anything on the long side in this nifty-fifty, fund manager driven market. There is a classic market bubble forming. Investment advisors are overwhelmingly bullish, and rank amateurs are trading options and touting tech stocks. The market climb may not be over yet, but the bull is getting very tired. I expect to see smaller cap stocks begin to retreat. Don't listen to the economists and their "low interest, great business continuing forever" garbage. Watch the A/D line, the new highs and new lows, moving averages, and other technical indications. The time is nigh to take your profits, if you have any, and go prepare to go short. TW