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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (9388)	6/3/1998 11:02:00 AM
From: AlanH	Respond to of 42787

Chris, ah the $64K question. (Hopefully, worth more.) Overall market predictions isn't my focus. I have found better consistency with individual issues and near-term market swings. That said, (and just for fun) my opinion is that we are observing a flight to safety. For the moment, INDU and SPX appear to be marking time, while NDX and COMPQ attempt to rebound; the activity is very selective and temporal. Over the next two weeks, we are likely to retrace recent (but not all-time) highs, prior to breaching recent lows. The probability of a 8-10% correction (off 9100) b/t now and August is reasonably high. (My belief is that a greater magnitude correction will occur, with RUT receiving significant punishment.) Sort of a Mulligan's Stew answer, but hopefully you catch where I'm going.