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To: bobby beara who wrote (24154)	6/27/1999 3:30:00 AM
From: FR1	Read Replies (2) \| Respond to of 41369

The most probable situation seems that we get a .25 rate hike and an earnings season rally, however too many people are banking this and that also makes me suspect Too many people banking on it is a good sign. It means that all the horses are at the starting gates waiting for the race to start. IMHO, a .25 hike with calm reassurance from AG that this does not mean it is the first of a series of hikes (something he went out of his way to explain last week) should be enough to start the horses.

To: bobby beara who wrote (24154)	6/27/1999 1:50:00 PM
From: Teresa Lo	Read Replies (1) \| Respond to of 41369

<<IS, i played the bounce, but can you comment on the the classical turn of support into resistance at the 112 area, which puts the burden of proof on the bulls.>> Once support is broken, then it becomes resistance. Good work on the bounce, though! As for the market in general, I am wondering what kind of market is at work when many internet stocks have to double to be back to where they were. I mean going from $10 to $5 to $10 is one thing, but going from $200 to $100 to $200 is something else. Has real wealth been destroyed and has investor psychology been damaged? I guess we'll have to wait and see, and in the meantime, just trade what's on the screen in the direction that it's going. If we take care of the pennies, the dollars will take care of themselves.