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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (6976)	2/24/1999 2:07:00 PM
From: theRedDog	Read Replies (2) \| Respond to of 99985

These are some of Acampora comments: >>>>> "I differ from all other strategists on Wall Street because I believe that we did have a bear marketbetween July and September of 1998," says Prudential Securities technical strategist Ralph Acampora. "That was not a correction. It was a bear market, and it discounted everything. Now we are in a completely new bull market, as opposed to the final stage of a bull market. It doesn't get worse from hereit gets better. This new bull will last a couple of years. I'm on fire!" Acampora looks for the Dow to reach 11,500 in 1999. He says investors should own shares of airlines, pharmaceuticals, the Baby Bells, and computer makers, particularly Compaq Computer. "I would also be buying some of the ugly stocks of 1998 in 1999: Boeing, Minnesota Mining and Manufacturing, Union Carbide. They were on their butts last year, and they have bottomed. In the small-cap and midcap areas, I would buy Liposome, Bob Evans Farms, Taco Cabana, and Aflac." <<<<<< taken from: iionline.com; artnum=1632&month=March1999 theRedDog

To: StockOperator who wrote (6976)	2/24/1999 2:07:00 PM
From: donald sew	Read Replies (4) \| Respond to of 99985

StockOperator, I couldnt agree with you more about RALPH, but I will add that I feel that way towards most analysts in one way or another. Lets keep in mind that their main job is to make money for their company first, so I believe they pump and dump often. Have you notice that these analysts, do not get into specifics on TV, except for JERRY FAVORS and BOLLINGER, and a few others. Previously when the market was coming down many of the analysts were saying that the market would correct, and now that market is up RALPH comes out with bullish comments. They are no better that an average investor, but not because they dont know what they are doing - they know exactly what they are doing. PUMP and DUMP or someother strategy. seeya