Slowly But Surely

Thursday’s column
is abbreviated due to Mr. Marder’s travel arrangements.


Good, good.

The open was good, the volume was
good, and the close was good.

It was the third accumulation day in
the last six outings for the Comp.

The interesting thing about the Naz is
that it can rally 50% and still not be in what would definitively be considered
a bull market until it takes out the March 10 high of 5132.

In the bells, Oracle
(
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broke
down on triple average volume, undercutting major support.

Corning
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will be an
interesting bellwether to watch as it sits precariously above 70.

Among the names, Emulex
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showed good tone as it moves about two-thirds up the right side of its
multimonth base.

The follow-throughs subsequent to
breakouts in the growth sector have been few and far between for some time.

Here, the bios have the best shot at
turning the tide inside the growth complex.

IDEC’s
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breakout and
follow-through, then, were encouraging and bear further monitoring in ensuing
sessions.

Imclone
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is another bio
with good potential.