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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Jon Klaus who wrote (2535)	4/22/1998 1:10:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Jon Klaus; RE:" BIG volume, BAD breadth " >What is your take on the BIG volume today ? > >Nasdaq well over half a billion shares half through the day. >Wintel seems to be driving some of it, but why ? Ms.Softie's earnings after close today ? Good observation there, Jon. Divergence between DJIA/S&P and NASDAQ is also quite apparent. All I'm seeing today are earnings-related pops in a few issues, plus a frenzy of buying in the TechStock sector. A few issues like MSFT INTC IBM and LU can keep the Major Market index above water, but are not advancing it; ie., where's the rest of the freight ? The USDollar has tanked, (appears to be stabilizing today), gold is soaring, oil is flat-line, and the FED is talking about overheating. FWIW, I have the DJIA target at 9300-9350, tops; so my interpretation is that this is the last frenzy of a really sweet, almost linear Bull Trend. ie., I think it is more likely that the DOW will re-test 8900 - 8770 before it visits 9500. Hitch your $ to a rising, momentum play and use a trailing stop (^_^) (Rotate your profitable LEAPS further out and deeper in the money ???) BWDIK ? -Steve