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To: Chris who wrote (4623)	1/5/1998 7:05:00 PM
From: Jan Robert Wolansky	Read Replies (1) \| Respond to of 42787

Chris, there was some action in beaten down, small-caps, with very high IBD EPS ratings (eg, in the 90's), that have already tested their 200 day ma--for example, AATT, MODT, MCRL, APEX. I am watching these kinds of stocks carefully. Jan

To: Chris who wrote (4623)	1/5/1998 10:43:00 PM
From: Chris	Respond to of 42787

Subject: Tech Stock Options \| Previous \| Next \| Respond \| To: kiwi (32265 ) From: donald sew Monday, Jan 5 1998 7:54PM EST Reply # of 32269 INDEX UPDATE ---------------------------- The market is now overbought and there are CLASS 1 SELLS in many of the indexes. For the candlestic watchers, the majority of the indexes had either DOJI's or SPINNING TOPS. Since so many of the indexes had these candlestic formation, the likihood is that some sort of pullback could start tomorrow; in certain indexes it started today. I have narrowed my choice of INDEX to play PUTS on to the DJX, NDX, SOX(would like to have the SOX back in the 285-290 range. The NAZ was much stronger than the DOW, so the best senerio is for the the NAZ to pull up the DOW tomorrow into the 8000-8050 range, and at that point to initiate the PUT. As to how big of a pull-back, my initial feeling is that it will not be large, maybe 100-200 DOW points. \| Previous \| Next \| Respond \|

To: Chris who wrote (4623)	1/6/1998 1:12:00 AM
From: Robert Graham	Respond to of 42787

Some online services are calling this recent improvement in the market the "January Effect" for some reason. I guess some want very much to see that Juanuary Effect happen. I guess they are willing to take a proxy in its place. I see the DJIA was hammered below the resistance at just above 8000 taking the NASDAQ part way down with it. The DJIA went from just above 8030 to about 7910 in short order due to program selling, and then rebounded and dipped again, to rebound and close at about 7980. The DJIA for a second time in a row closed close near to its open. The NASDAQ had sympathetic price action on its index, except it managed to close about 0.8% above its open. Recently the NASDAQ has been demostrating strength compared to the DJIA. This is a good sign since NASDAQ has farther to go to make new highs. It looks like the market may be preparing for another run up perhaps later this month. We shall see. I have had to do something with my PC that is very distressing: due to disk space limitations, I have had to delete my Quotes-Plus and Metastock, including their respective databases. This is indeed bad news. I will have to run out and purchase another 3G drive in order to get back up to date with the technical analysis of the market and stocks. Not so long ago, 750M was considered allot of disk space for a personal computer. Now, I have run out of room with 3G disk space and need another at least 1G more. I might as well add another 32M EDO RAM while I am at it. No wonder Semiconductor stocks and Disk Drive makers had a bull run this year. I do not see the market's need for additional memory and disk drives abating in the future if this is any indication. My little "money pit". Bob Graham

To: Chris who wrote (4623)	1/6/1998 5:32:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 42787

Good Morning Chris, Yeah right, what's a January effect? Hmmmm. Take a look at the NAZ. The December high and low, bisected by the line off the November low. It looks like we may fail to reach that line unless we get a spurt up today and touch it. If we do, I'll be selling. It looks like these markets want to sell off some. Even my bonds are a bit toppy at this point. GZ