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To: accountclosed who wrote (70117)	10/19/1999 6:54:00 PM
From: Lost1	Respond to of 86076

Actually AntMan, I've been living in Luc's garage for about 2 weeks. Sneaking around..reading his mail. When I saw the MarthaStewart.com paperwork in the box..I just knew. Indicators look like sh*t. I don't see anything that can save it from itself since good earnings don't even seem to help for more than about a half hour. I decided todays temp rally was a good chance to stand back and evaluate my "goals"<g>. Although the indicators are oversold, nothing says they can't become more so. I even sold QCOM...DOH!

To: accountclosed who wrote (70117)	10/20/1999 2:43:00 AM
From: Jorj X Mckie	Respond to of 86076

AntMan, One of the P&F indicators did turn negative today. The BPHILO (HiLo Bullish Percent) turned positive last week and then reversed negative this week. However, as Lost1 indicated, it is oversold by P&F standards. A move on the SPX to 1310 would still keep the down trend intact and in fact would would be very much the norm for the pattern that the SPX seems to be following. NDX to 2440 looks possible, Naz 2760 looks possible. SOX looks like it is breaking down. At this point, it looks like a bear market rally to me, but I am going to be on the lookout for those bull horns. Wouldn't want to end up like the ole matador. JXM