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

To: joe who wrote (11560)	7/15/1998 6:49:00 PM
From: larry	Read Replies (1) \| Respond to of 18691

Joe, Or is it possible that the Nasdaq pulls back after it hits 2k? We are only 8 points away from my estimated 1998 high. Well, MSFT report either fuels another rally, and highlights profit taking. I really believe that MSFT is about to enter a consolidation phase, and DELL is also about to get there, I mean a well deserved two week rest. Look at the other super studs, CSCO, YHOO!, and AOL are apparently tired. LU is already at my estimate of 90. Can it break 100 in the near term? If the rally does not stop and the Nasdaq shoots straight up to 2.1 k, then maybe a mini-correction is indeed at the corner. It really concerns me that everyone is convinced that DELL should flex its muscle every day. This usually indicates a short term top is forming. I agree that input of liquidity is a good measure at whether the market can sustain the rally. larry!