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To: Chris J. Horne who wrote (14338)	6/11/2000 8:08:00 AM
From: w0z	Read Replies (2) \| Respond to of 15132

I think one's time is better spent selecting individual stocks rather than trying to divine "the market", Greenspan's next move, etc. Since January 11, my results in individual stocks are: IRA +41.1% Charitable Remainder Trust +11.8% (inflexible to trade) Taxable account +42.8% Much of the problem with the DJIA and S&P was their extreme overbought condition due to so many folks blindly buying the indexes. When everyone does that, you get stocks like KO, PG, etc. bid up to astronomical levels. There are always wonderful values out there if one takes the time and effort to look for them but it takes more time than buying index funds.

To: Chris J. Horne who wrote (14338)	6/11/2000 9:20:00 AM
From: Mr. BSL	Read Replies (2) \| Respond to of 15132

How the sell signal is working: DJIA S&P500 Wilshire 5000 NASDAQ 01/11/2000 11,523 1,441 13,497 3,883 06/09/2000 10,614 1,456 13,644 3,874 ---------------------------------------------------------- CHANGE (%) -7.9% +1.1% +1.1% -0.2% I would add S&P midcap 400 (MDY) 1/11/2000 80.1562 6/09/2000 91.25 ------------------- +11.38% The -0.2% return on the NAZ is improved if one dollar cost averaged into it over the last 5 months. Botom line - the individual stocks (i.e. average mid cap, run of the mill stock) should outperform the major cap weighted averages for a while. This makes sense considering Allen's long term A/D line has reversed. Dick