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To: The Perfect Hedge who wrote (8376)	1/16/1998 1:55:00 AM
From: John Carpenter	Respond to of 95453

I'm in the camp that believes that our sector has seen its lows. I can't decide if we need to base for 3-5 months or whether we can begin a more immediate upturn. History is no help. After intermediate term corrections like these, sometimes our sector has based for a few months-other times it has shot up quickly and resumed the advance. I think tommorow's action is significant because a pullback would add more weight to the baseing theory, while an up day would lend credence to a more immediate/sustained upturn.