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To: donald sew who wrote (32941)	1/12/1998 5:18:00 PM
From: Esteban	Read Replies (1) \| Respond to of 58727

Donald, Re:Currently we are in a mid-term down trend, so any uptrend could be limited and downtrends exagerated. As a guess, we may have another 100-200 points to the upside before the next pullback or flat period, unless there is more bad news; thereby a reversal could start earlier. If we are in a downtrend, shouldn't flat periods be part of corrections to the downtrend and not pauses in the upward corrective phases? Should be: down, flat or up (like today), down, flat or up, etc. Not: down, up (like today), flat or down, up, flat or down, etc.? Your comment about the flat period has me confused. Esteban

To: donald sew who wrote (32941)	1/13/1998 11:36:00 AM
From: Barbara Barry	Respond to of 58727

Don, Enjoying your posts.FWIW. I will wait for more of the money sitting in money markets to spike this market before buying my puts.Not panic buying,but enough to push us higher. There has been that "flight to quality" thing going on a bit.Our best situation would be a quick recovery by sometime next week ( that darn time thing )I often see that the guys with good earnings like to get them out sooner and the reverse holds too. I am a big tech fan but don't trust the situation yet as a trader...but may not be a bad time for longer term investors to start botttom fishing.So I will join you with those puts but not this week.That pledge is off if we are up 500 points today!<VBG> Regards, Barbara