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To: Jerry Olson who wrote (84628)	12/10/1998 11:47:00 AM
From: Voltaire	Read Replies (1) \| Respond to of 176387

Second great buying opportunity should come this afternoon into tomorrow! Voltaire

To: Jerry Olson who wrote (84628)	12/10/1998 11:50:00 AM
From: Mohan Marette	Read Replies (3) \| Respond to of 176387

Dow may hit 11,500 next year, says Prudential's Acampora Jerry: Now that Acampora is said it,I think I am going back to sleep.Pheeew!<g> ========================================================= But economic woes, Y2K problems may make for bumpy ride [NEW YORK] Prudential Securities Inc's director of technical research, Ralph Acampora, said on Tuesday the Dow Jones Industrial Average could rise as high as 11,500 by the end of next year. He also said the Dow could fall as low as 7,800 in 1999, though he said it's more likely the average will trade on the high end of his estimated range, from 9,800 to 11,500. The Dow fell 42.49 to 9,027.98 on Tuesday. Mr Acampora said he expects the Standard & Poor's 500 Index to trade between 1,050 and 1,525 next year. He posted his estimates on Prudential's Web site, and reiterated them on CNBC. "I think the S&P 500 will more or less move in tandem with the Dow, in fact, probably do a little bit better than the Dow," he told CNBC. Mr Acampora said he's still concerned about foreign economic woes and the year 2000 computer problem. "We may have a bumpy ride, but the message is clear to me that individual stocks look very attractive. "I don't think there is a quick fix for the foreign problems and number two, we do have some concern about the year-end computer programs." Prudential's yearly range for the DJIA is 7,800/8,450 on the downside and 9,800/11,500 on the upside. The S&P 500 range is 1,050/1,090 on the downside and 1,350/1,525 on the upside. In his long-term stock market outlook published on the Prudential Web site, Mr Acampora said that despite the fact that the DJIA, the S&P 500 and the Nasdaq Composite are now at new highs, 65 S&P groups out of a total of 91 sectors are at least 20 per cent below their respective 1998 highs. "The bears will view this as a big negative but we disagree," Mr Acampora said. "Of course a majority of groups have not caught up with the leading market averages yet simply because most groups and stocks suffered extreme damage (anywhere between 25 per cent and 35 per cent losses from their respective 1998 highs. "Hence they will take time to build the necessary bases to support higher moves later on. It is this theme that we are emphasising for 1999 stock selection. We refer you to the Sector Standings section for the names of many technically attractive stocks." -- Bloomberg, AFP Source-(BT,Singapore)