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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: 007 who wrote (5306)	11/11/1998 10:29:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 14427

my opinion exactly. w/ even most bears not looking for a decline until January, things are setting up very nicely for a very beary Christmas (G) another thing I have been watching... take a look at the charts of APCC, INTV, INTC, MU, and IBM..... notice any similarities? all of the laggard techs seem to go thru the same convulsions and then parabolic new highs? strange? makes sense that these heavily shorted dogs would be raised from the dead at a mkt peak, but still strange the way they mirrored each other. -Lucretius

To: 007 who wrote (5306)	11/11/1998 11:28:00 PM
From: Thean	Read Replies (2) \| Respond to of 14427

Be very clear - after such a strong runup of late, everyone is entitled to some profit taking. That is where we are right now. Do not confuse profit taking with we have seen a major top or something like that. An average tech stock that have run up 30% should correct half of that with relative ease. On the other hand, a driller that has move 50% should give back all of it with relative ease. But INTC, DELL, MSFT, CSCO, AOL, YHOO? That will require a period as dark as we had 2 months ago to fully repeat. A lot of bears like LT really really wish for a doom day crash as soon as possible because they really hate to see their capital get wiped out but that is just hope for now. We do not have the ingredients for a crash of even 500 point a day when AG is so close to pushing his button to help out. If we have seen the top, we shall know it when AG tries to push multiple bottons quickly and the market continues to slide. Now how real is that scenario in the forseeable future? And don't forget DELL.