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To: Patrick Slevin who wrote (9537)	11/10/1997 1:17:00 PM
From: Trader X	Read Replies (2) of 17305

Pat... I didn't mean to imply that you had poo-pooed me, only that some had. I recall someone asking me if I had a "death wish". That one was memorable! I think you merely humored my babblings. I don't hold the Dow Theories in high regard anymore. One thing I do hold in high regard: all bear markets are preceeded by rising interest rates, and we are in a falling interest rate environ now. As for waffling...not really. I still think we've seen the bottom already in the indices. The Philly semi index is sitting exactly where it was at the June low. However, I am reiterating in most posts that attractively priced stocks are in current downtrends and should be treated as dangerously wounded animals. Rallys from these lows WILL produce selling as resistence levels are hit. ©LastChanceForGas

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