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Technology Stocks : Jimbo's Playhouse/CPQ -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (893)	5/3/1999 6:34:00 PM
From: Kenya AA	Read Replies (2) \| Respond to of 12662

NW: I think we are "due," as you say, for a "pullback" in the DOW, but not a "correction." I haven't really given it any thought until now, but I'd say in general that a pullback is normal retreat of up to, say, 10% after making new highs for an extended period. A base often forms at the pullback level, but almost as often, the pullback is just a week or less "breather." A "correction" is more like a total reassessment of valuations and is a sharper more protracted decline of say 20%. These are my definitions, but there may be "technical" definitions of these terms - I've never looked them up. I think the NAS is "due" for a "katch-up." <ggg> K