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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: SKIP PAUL who wrote (15717)	9/29/1998 3:51:00 PM
From: dougjn	Read Replies (2) \| Respond to of 152472

The things I mentioned, absent some more big financial failures, are in the current market trading range, I think. We're on the high side of that at the moment. The fed didn't do enough to enable us to break out on the upside, yet. What will be happening is that Q4 and 1999 numbers will be coming down -- they haven't much in the index leaders. That really isn't yet in the indexes. Everything will be hurt when the indexes are, but not equally. Q may well have seen its lows, following the G* blowup. Byron Wien, who I think has been about the best overall on this market (other than Ramsey, of course <g>) thinks we will go lower but probably not below 7000. He emphasizes that not enough of the index leaders have come down, though they are starting to. Coke, Gilette. Cramer thinks we're going lower for a while too. Doug