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To: fedhead who wrote (44216)	3/6/1999 10:20:00 AM
From: Mike M	Respond to of 164684

Anindo: The dow took out its old high. The A-D line is improving. The Asian economies are improving. The bear market ended in Oct 8 1998. We are in a brand new bull market... Eighty 52 week new highs in an all-time new Dow high. If in the next few days or weeks that expands to 300 I would agree with you. If not, and I expect not, enjoy the shortlived gains. I never argued that the Dow would not go to a new high, merely that most stocks would not follow and that this would portend another serious correction. I do not question now the longer term merits of this market, I am strictly long the market (no internet stocks). I have also begun raising some cash which I hope to use more judiciously in a couple months. <>The BKX is moving up. The Transports are moving up. Not that close to confirming the Dow for the moment. This will become problematic if there is lack of follow-thru.... Good luck, Mike