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To: craig crawford who wrote (32091)	12/30/1997 10:14:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

Does anyone know when the market closes early this week? be sure to check out Greg's latest forecast for January on the King OTP site... sorry no awards for holiday weeks....but anyone got a forecast for next week....market folks...but I will accept S&P index too.... sorry Jim...down doesnt count.....

To: craig crawford who wrote (32091)	12/30/1997 1:31:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Craig, I actually agree with you that there are weaknesses in this rally since the SOX and now the XOI and OSX have become weak and one should be cautious in initiating any new short-term call positions. When I think of a sucker's rally, I normally think of a quick upswing of a few days and then almost a quick and hard movement back down and possibly setting new lows, and that's why I requested clarification. As you know, I normally do not follow individual stocks so my position is opposite of yours since I am not so concerned about individual stock movements except for the leaders. I will say that I may initiate PUT positions as soon as the technicals become overbought, although I am concerned about the impact of the money inflow from the so-called Jan effect, which may extend upward movement, but it will be for the short-term.