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To: donald sew who wrote (32126)	12/30/1997 6:51:00 PM
From: Barbara Barry	Respond to of 58727

Donald, Firstly, I want to express my thanks for your posts and wish you and yours a very Happy New Year! Secondly, I agree with you range but think the upside might be a bit higher. It appears,IMHO, that the technicals are are starting to reflect the psychological patterns of this market even more than usual. This is most likely due to the wild swings we have had this last quarter.I sound crazy, but I am using TA along with trying to adjust for the psychological moves more than I ever would have in the past.When people come home tonight and see this rally, they will probably throw more money at it without TA. This notion is nothing new and would support your idea of an unsustained rally. Just taking this in a moment at a time! ;) Regards, Barbara

To: donald sew who wrote (32126)	12/31/1997 12:50:00 AM
From: Electric	Read Replies (1) \| Respond to of 58727

Don, I agree with your range analysis, but I think if we are to break out of the range it will occur around the beginning to the middle of Jan, where we may see new highs IMHO. But after the new year euphoria, I am sure we will drop a bit, not to the lows we saw in November but into the range that we are in now. I like range trading, it makes for great bargains and repeat buys and sells. I have noticed that there is seemingly a bottom for the techs and some are starting to move upwards, like SEG, HMTT, AMAT etc.. I would be hesitant until after GOOD earnings next quarter to go long on any stock though, and until then play the obvious money makers, IBM, MSFT, CPQ etc that are range traders.. I really think that AOL is gonna fall, and who is going to short it or buy puts?? My money is going to follow Judy and Tom recos as far as time, but believe me, it will happen. E