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http://biz.yahoo.com/rb/030413/markets_stocks_acampora_1.html

Reuters
Acampora Sees Stock Rally to Year-End
Sunday April 13, 11:07 am ET
By Haitham Haddadin

NEW YORK (Reuters) - Stocks could have scraped bottom last month and are poised to rally to year-end, based on several bullish signals from across financial markets, says Prudential Securities' star analyst Ralph Acampora.

But the top technical analyst, who shot to fame in the 1990s with his famous "Dow 10,000" call, believes that stocks are still locked in a long-term bear market, or what technicians refer to as a "secular" bear market: a reverse image of the spectacular 1990s bull run.

"I think we could rally to year end, and we rise 20, 25 or 30 percent, but after that we correct," Acampora told a press briefing in lower Manhattan this week. "We really have economic problems and (corporate) earnings problems."

But he added: "Your next bull market could last a year."

Going against conventional Wall Street views, the star analyst stunned investors when in the mid-1990s he forecast the Dow Jones industrial average (CBOT:^DJI - News) was entering a huge bull market. He said the gauge would climb to 7,000 from 4,500, which it did, and after that, went on to correctly forecast the gauge would go to 10,000. But he missed big when he predicted the tech-laden Nasdaq (NasdaqSC:^IXIC - News) would hit 6,000 by June 2001.

BULLISH SIGNS

Acampora, one of Wall Street's best know gurus, bases his market calls on technicals such as stock prices and trade volumes, unlike "fundamental" analysts, who look at how interest rates and corporate earnings impact stock prices.

Among bullish technical signs, Acampora said....