Blue Chips On A Blue Streak

If there's an avid Dow watcher, it's William LeFevre, who has been more right than wrong in forecasting where the index is headed. His stock picks scored a heady 43% gain in the first half of 1995, beating the Dow's 20%. His strong showing, he says, was mainly due to bets on three big Dow-average components: Coca-Cola, Gillette, and Philip Morris. But as the Dow tops 4700, is he joining skeptics who see it riding for a fall?

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