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Technology Stocks : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (13237)	4/10/1998 11:01:00 AM
From: Trader X	Read Replies (1) \| Respond to of 17305

I'm aware of this rampant pessimism just now. And I do keep track of what the Elliots are saying, simply because they are a vocal lot and are heard whether I like it or not. First, the Elliots have been calling for a Major market top since 1992, have been wrong every time, and have lost all credibility as far as I'm concerned. In fact the little 3 month correction we had last spring was supposed to be the end of the bull market. The last 3 month correction last fall was then supposed to be the end of the bull market... need I continue? My time frame for the next big up move is next week sometime. Probably as soon as Monday or Tuesday. I think the broad market, as measured by the SP500 is overbought, but the techs in general and the semi equips specifically are not, and are starting an uptrend. The pullback of the past 5 days has set them up for the next move up, and I think it should be particularly good. X