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Technology Stocks : Alliance Semiconductor

ALSC 0.810

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Jul 10 5:00 PM EST

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To: patrick tang who wrote (3886)	9/2/1998 1:54:00 PM
From: Steve Lewis	Read Replies (1) of 9582

<IMHO ss long as the stock market does not drop further and create its own consumer spending problem in the US, I see the bottom as now. patrick> We are close IMO however the September/October period could find some slowing earnings numbers reflecting the slowdown in the economy that some economists predict. When and if the Dow tests the 6900/7000 intraday figure (that occurred during 11/97) will, in theory, form a double bottom pointing towards a positive/higher market future. Another trouble spot to watch for is Japan's N-225 which recently broke below 14,000 & through the low formed in 1992 and tested many times since (It is now above 14,000). By 12/15/98 the overall world market health & stocks situation should be more evident with less uncertainty(& maybe with President Gore)

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