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Non-Tech : RAINFOREST CAFE
RAIN 5.670-3.2%9:30 AM EST
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To: Dennis Vail who wrote (773)9/28/1996 2:25:00 PM
From: Terry Audette   of 4704
 
Dennis,
Carl Swenlin feels that we can expect a sharp drop to the 5700 range
in dow before beginning the rally and actually this feels right to me.
He also thinks that we will not keep going south once we hit 5700 and i really hope he's right. This could mean a drop for RAIN to about
25 and maybe something like 85 for intc. Re bad news catalyst; I think they'll define that after the fact, if theyn want to take it down they don't seem to need much excuse. Member firms and specialists
have been unloading inventory for weeks. These turning points when the market is not yet showing clear direction can be trying.

Terry
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