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

To: Roger A. Babb who wrote (7617)	4/22/1998 9:55:00 PM
From: Market Tracker	Read Replies (1) \| Respond to of 18691

NASDAQ trading volume surpassed 1,000,000,000 shares today, and that fact alone should be cause for concern. As the bubble continues to inflate, and earnings reports flow in, the market has clearly turned into an entirely momentum driven vehicle. Speculative fever abounds, and with NASDAQ's second highest trading volume in history just under our belts, this could be signaling an entry into the blow off phase of the bull run. This phase could last 1 day, or a number of months, but the trading volume will help to quantify the extent and size of the growing bubble. DIS announced a 3-for-1 stock split after the bell and the stock of course traded up in after hours trading. MT