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To: Gottfried who wrote (25994)	11/5/1998 1:57:00 PM
From: Paul V.	Respond to of 70976

Gottfried, DW Morning Market Comment, 11/5/98 as follows: SUMMARY: 1981-1982 IT CONTINUES TO PLAY OUT. The move this week was another powerful one bringing almost all bullish percents up 10%. This is the stuff of 1982. I will never forget it. . . .A vertical count on the Dow Jones 50 point box suggests a price objective of 9200 and an incomplete count on a 100 point box chart of the Dow Jones suggest the 11000 level. We stick with the more conservative number. Entry points at this junction are critical. We prefer to buy on pullbacks as usual. Make the stocks come to you. . . PERCENT ABOVE 10 WEEK MOVING AVERAGE:78.6%. Moved above 70% and this does not surprise me due to the power of this rally. No change here and possibly 90% could be seen. That is not unheard of. The Percent of 10 week moving average went to 92% in February 1991 and it went to 94% in October 1982. IMO, these statement by Tom Dorsey, represent possibly a extremely bull market as outlined ahead. Looking at the Leading indicators which I have posted earlier and the DW charts which you can pull up things look great. Looking at the NYSE DW chart going back to 1981-82 I see that the NYSE hit 86% in October '82, taking about 11 months to reach there from a low of 20% in September 1981. If Tom Dorsey's comparisons are accurate then those of us invested will make some big big money during the coming months. Also, this will be the 3rd year of the Presidents Cycle, the highest of the Cycle. Just my opinions. Paul V.

To: Gottfried who wrote (25994)	11/5/1998 2:01:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

A service of Semiconductor Business News, CMP Media Inc. Story posted 12:45 p.m. EDT/9:45 a.m. PDT, 11/5/98 PC-related ICs will drive four-year boom, says report SCOTTSDALE, Ariz.---The world's IC markets are expected to more than double in size between 1998 and 2002, growing from $109 billion to $220 billion in four years, according to a forecast contained in a new report on emerging applications from IC Insights Inc. here. The market research firm earlier this week predicted that the beginning of the next boom period had begun based on what analysts said were higher than usual increases in month-to-month chip sales (see Nov. 3 story). Much of the growth in the next four-year boom cycle is expected to come from ICs used in personal computers, said IC Insights. Today 41% of the $109 billion market is made up of PC-related integrated circuits, but in 2002 that percentage will grow to 47%, said the research firm. ICs used in cellular phones and personal communication systems (PCS) will almost double to $11.5 billion in 2002 compared to sales in 1998, IC Insights said. By 2002, integrated circuits will make up 30% of a handset's value, up from 23% this year, said the research firm in the emerging IC application report.