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To: PCSS who wrote (836)	5/26/1998 1:10:00 PM
From: Arrow Hd.	Read Replies (1) of 1069

I dont think we will see any movement one way or the other until earnings come out and even if they are right on or even above it will hesitate to move until buy-side volume picks up. A lot of people, including myself, got faked out by the slide after a decent report and though we all have our theories it still makes people gun-shy to jump in before earnings or until some up-trend is established again. So I dont have a great expectation right now and frankly am more concerned about holding these support levels. I think any rally would have trouble punching through 18 and change. I think a lot of people averaged their positions and this area is where they will rotate what they may consider to be stale money.

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