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

To: Robert Graham who wrote (13153)	7/26/1998 5:30:00 PM
From: Electric	Read Replies (3) \| Respond to of 42787

Just a small note about the previous run-up.. I dont really follow individual DOW stocks too much, I am a NAZ trader much more than the NYSE/DOW.. The one issue that concerned me this weekend, is which stocks propelled the DOW to the highs of the last month? Which of them have been trading lower due to earnings issues? Meaning, when earnings come out and are not what was expected, or the company leads analysts forward in a way that doesnt look too positive, that stock usually will not move up until some other news comes or the company shows improvement. The stocks I am referring to are DIS, IBM, MMM, C and a few others... I was not impressed with how many dow stocks look going forward. So which issues will lead? I think GE looks good for more forward earnings, and positive movement, T ought to do well when the merger finalizes, they look great.. KO looks good too.. The next rally might be small cap, funds arent going to purchase stocks that are not going to beat estimates in the future, and as the rally narrows more, the likelihood that we will reach up to higher highs is less and less likely. On the other hand, fundies cannot sit on their bank vaults, they must show returns to their owners, so what sectors will go forward from here? I would love to see the bond go lower, and it might.. To me the issue is to which stocks are there good stories, good forward momentum? I say the NAZ is much stronger in this regard.. MSFT beat, INTC said they are looking better going forward, DELL and CSCO are likely to beat, and they are taking more share from competitors. So the NAZ 100 might be a safer bet going forward then the DOW.. I dont care which stocks are going forward, I say follow Chris's lead, pick 5 or so, ones that said the right things, and had good earnings, and jump on.. I like the TBR break-up, that issue looks good too.. More reading to do before I take off for the evening..