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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: Gerald Walls who wrote (23235)5/25/1999 8:49:00 PM
From: taxman  Read Replies (1) | Respond to of 74651
 
technical bull on msft, dell csco, bear on ibm

regards

Message 9760480



To: Gerald Walls who wrote (23235)5/26/1999 1:58:00 PM
From: t2  Respond to of 74651
 
OTOH, according to IBD 60.9% of newsletter writers are bullish, which is an extremely bearish number. The five-year high is 61.2%. The last time this reading was at the current level was back in February at the start of the last correction.


I don't think this indicator will work this time. These newsletter guys finally want to be right and in my opinion they will be this time.