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To: yard_man who wrote (2611)	6/25/1998 12:54:00 PM
From: Joseph G.	Respond to of 86076

That Cramer guy closed his eyes (as we discussed yesterday): <<By James J. Cramer The parallels to 1996 continue. <<blush8t and more BS>> Did the move to new highs in Microsoft (Nasdaq:MSFT - news) and Cisco (Nasdaq:CSCO - news) (yes, I am long them) signal the sea change? <<more BS>> I am no technician but I do see patterns. When this mutual fund graph bulges too far above -- as it did in the springs of '96 and '98 -- that is the signal to be careful. But when it crashes back to earth and crosses the trend line, that's a fabulous buy signal. And when it comes back down and tests it again, as it did in 1996 and as it did earlier this week, that's all you need to close your eyes and get long. Oops -- better add a caveat to that one: It may fail this time. Past is not prologue. History needn't repeat itself. One time it probably didn't work, not that I can recall it. But in general it has been a great buy signal and I try not to ignore it. >> I AM NOT A DOCTOR BUT I PLAY ONE ON TV - close your eyes and buy MSFT and CSCO from me. -g-