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To: Thean who wrote (5304)11/11/1998 9:10:00 PM
From: Lucretius  Respond to of 14427
 
I have to disagree. The tech flurry will end just as quickly as it began. If Uncle Al doesn't cut rates next week... hello DOW 5000.

If Brazil defaults on their debt... which is probable... hello DOW 5000.

INTC's earnings year over yr will decline even if they have a "great" 4th qtr as they forecast. Is that a reason to run that POS to new highs? I bought puts on it today. When the trash... (MU, IBM, INTC, and the internuts) starts leading... you know the end is near.

IBM ;likely topped today and mU's top will be put in tomorrow. W/ MU who knows, but it could top out tomorrow too. Internets look to have already topped out on Tues. NDX appears to have double topped today. Things could start getting fun from here!!!!!!!!!!

BTW- AFS, MER, CCI have begun their final drop... bombs away.

DAL... crashing the plane as usual

NKE... the other shoe is dropping.



To: Thean who wrote (5304)11/11/1998 10:25:00 PM
From: 007  Read Replies (2) | Respond to of 14427
 
Aside from the chip stocks riding up with intel today and dell moving in anticipation, the tech stocks had a very poor showing. They look poised to lead the market down. It's a very bearish situation when intel gives great news and the nasdaq gaps up and closes negative. I think the bear market rally has seen its highs.

Look at other leaders such as MSFT, CSCO and AOL.
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