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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (37324)	2/9/1999 10:20:00 AM
From: Berney	Read Replies (2) \| Respond to of 94695

Haim, Re: The Demise of the Tech Sector I posted this on another thread Sunday morning after a post you made regarding the tech stocks. I believe it offers an interesting perspective. PRICE PRICE 38% WKLY 1/13 SYMBOL 12/31/98 2/5/99 FIB MA LOW CSCO $92.81 $101.25 $91 $90 $90 DELL 73.19 100.44 87 77 74 IBM 184.38 166.00 170 170 180 INTC 118.56 127.56 119 119 131 LU 109.94 100.00 97 100 96 MOT 61.06 66.44 63 63 65 MSFT 138.69 160.00 144 140 136 ORCL 43.13 56.19 47 42 44 SUNW 85.63 100.63 87 86 88 WCOM 71.75 76.25 67 68 69 The 38% retracement is from the 10/8 close. I'll note that it is not unusual for IBM to retrace 50%, which would be $161. It is probably just an accident of math that many of these numbers line up so well. <g> In any case, just an observation that I thought I would share. Berney