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To: Trader X who wrote (9532)	11/10/1997 12:50:00 PM
From: Barbara Barry	Respond to of 17305

Kevin, Thanks for your reply. I was looking at too short of a time frame, so I appreciate your setting things straight. But charts aside, I still cannot shake my "gut" bearish feelings in the nearterm. Regards, Barbara

To: Trader X who wrote (9532)	11/10/1997 1:04:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 17305

I do not recall ridiculing you or anyone else in March....as it was, I thought I had a good call on the downswing in February and played for it to continue. If I recall my Dow Theory correctly...and it's been many years since I paid much attention to that stuff... So correct me if I'm wrong but.... ...According to Dow Theory, what is needed for this to be considered a bear market is for the Trannies to break 2852....yes? Now trading at 31xx this might not seem likely at first blush so I hesitate to believe that as many bears are around as you may perceive. There has been a scramble into puts, but that will die off when people get upset at losing premium. For my own part I wish the gawdawful thing would just drop off a cliff and have done with it.... but you seem to be waffling. Am I to infer that you are on the fence here?