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To: Andrew Vance who wrote (10187)	12/7/1997 11:01:00 AM
From: Patrick Slevin	Read Replies (1) of 17305

General consensus of opinion that I track seems to be lower into mid-month then up into the end of the month and into January. This is broad market, of course. One fellow, Gene Inger, points out something that bears repeating here. He notes that the net inflows in mutual funds argues that such investors are naive. Because people should not buy fund shares pre-distribution and thus pay for the gains of others. Also, he notes the wild card of insider selling after the new year due both to lower tax rates as well as deferring taxes another year. His argument is based on the number of recent filings of intent-to-sell. Unfortunately for me, the general opinion is for a follow-thru Monday. Unfortunate because I retained a small put position over the weekend. These guys/ladies are looking for a mean target of 8700 DJIA before another reversal. This is posted for information purposes only. I have no idea at this point how I'll trade this week....except it's likely that once the market seems to run out of steam short-term I'm probably looking for lower prices mid-week...perhaps then bouncing early Friday. Still nothing on a high-percentage play.

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