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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: David Lawrence who wrote (16937)	8/5/1998 12:04:00 AM
From: Moonray	Respond to of 22053

Yes, this could indeed be the case. All I am saying is that I see an end to our immediate pain. I am NOT predicting new highs in the averages. Seems likely we will enter a trading range for several months. On the plus side, way oversold, DOW Theory not followed like it was 20-30 years ago (even me), money waiting to buy. On the minus side, the golden egg laying goose may have been killed -- Fidelity Magellan reported a net outflow. COMS is situated for a run at 28-30 if given a strong market. Too late, perhaps. Today was the confirmed sell signal for Dow theorists. If true, we will have a series of rallies and sell-offs with lower highs and lower lows. It will be more of a traders and stock pickers market than ever in recent times. o~~~ O