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To: Trader X who wrote (9647)	11/14/1997 11:42:00 PM
From: Patrick Slevin	Respond to of 17305

It's just that you and I have bantered about on this issue at least since the end of the summer. It's really not my bag...you believe this is a correction and I believe this is an accident waiting to happen. Whatever, all we can do is wait which is the major problem with T/A, it tells you the trend is bearish too late. As for the posture that there are too many bears in the woods....look at Marty Zweig, beating the drums for an upturn. Very conservative investor, otherwise. You got CNBC saying we are out of the woods, the correction is over. Where are these bearish opines you speak of? Me, and a few from the Kahuna thread? Frankly, I do see more bearish opinions myself than before, but that makes it more ominous to me. That implies a slow decline which nibbles at everyone day in and day out. Look at the GE chart, a major DJIA component. Stinks. Look at Micky Dees....stinks. Disney. They all stink. I dunno, You marvel at the bearishness, I marvel at the optimism.