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Non-Tech : WELLS FARGO

WFC 87.30

+0.4%

Nov 3 9:30 AM EST

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To: Andrew Bailey who wrote (1175)	2/18/1999 2:05:00 AM
From: Spaw	of 1281

AB, Technically powerful signal given today, with WFC crossing above both the 50 and 200 day moving averages intraday and closing above them. Major buy signal flashed. Not crazy about the gap created yesterday, but those March 35 calls look pretty good here, Delta strong. The Mar. 30's look even better if one is willing to pay up. Last time this occurred was Oct. 15, and there was some solid follow through. should see 40's soon. I've been looking at the bank charts, and they look very appealing compared to a lot of the tech stocks. Looks like I'll be hunting here for a while. Mellon Bank and Wachovia have some nice charts as well. --spaw--

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