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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Adrew Thanh who wrote (49147)	2/22/1999 2:34:00 PM
From: Elwood P. Dowd	Read Replies (3) \| Respond to of 97611

Adrew... Makes more sense if you compare percentage gains. El

To: Adrew Thanh who wrote (49147)	2/22/1999 2:46:00 PM
From: rupert1	Respond to of 97611

For what it's worth, CNBC (Europe) had a lengthy interview with a "leading, or perhaps the leading chartist" in London. An elderly man, forgotten his name. He said the NASDAQ has a "head and shoulders pattern" and will tank big time this year because the head and shoulders comes after a final blow-off of an already extended market. He said that signs of life in the "cats and dogs" - i.e. the small caps whch have been depressed, is not a sign of healthy breath, but a sign of a the fnal act of an extended market. He thought the big declines will come by the third quarter bringing down the DOW and the European bourses. He is talking of testing the October 88 lows with a probability of breaking through the support levels. He agrees with the Merril Lynch chartist who is also calling for a testing of the October 88 lows. In the near-term he says the NASDAQ has completed only 8% of the minium 10% decline he has predicted for the 1st quarter. Said it is a certainty that it will go on for the full 10% and probably more. He said it might even happen by Friday. That was this mornng, before today's rally. I notice that Acompora's update is suggesting some slightly encouraging technical signs but "the choppines will continue".