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At 12:27 PM 01/27/98 -0500, Dave Zawicki wrote:
>I found this over on m.i.s Is there anyone in this group that could confirm the
>A/D line minus the energy related equities?
>
>----
>Dave
>
>> A few days prior, Abby Cohen of Goldman Sachs predicted
>> DOW 8700 in 1998, adding that she believed this to be
>> a conservative estimate. Today, John Bollinger of
>> Bollinger Capital and founder of Bollinger bands,
>> reiterated much the same. Alluding to the A/D line,
>> John stated that a continuing bull market is the most
>> likely scenario. He explained, If you remove the
>> energy sector (oil integ, oil drillers, etc) from the
>> market averages, you will see that the market
>> is currently in great shape.
>
>
I can't confirm this with my own work, but I CAN confirm that John B. said
this on CNBC.
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