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To: j g cordes who wrote (35168)	2/18/1998 11:20:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ----------------------- The DOW index is definitely overbought, and a CLASS 1 SELL. Now do you think I am going to play PUTS now - forget it, at least for tomorrow. I dont need to get run over by a freight train to give me a hint. Now heres the surprising thing, the NAZ indexes are not overbought. What many do not realise is that the NAZ yesterday came down 20 points off its highs and actually sent the short-term technicals into the upper part of the mid-range. It can now go up more easily in this market. Here are the indexes which are not in the overbought region per my short-term technicals: XCI - COMPUTERS EGI - EMERGING GROWTH YTK - YEAR 2000 XOI - OILS OSX - OIL DRILLERS IIX - INTERNET CWX - SOFTWARE XAL - AIRLINES TRX - TRANSPORTATION PNX - PHONE The indexes which are in the lower mid range are: OSX XCI - SURPRISINGLY YTK Ok, heres my question, which sectors would you pick. I would pick the YTK, EGI, XCI, IIX. Seeya

To: j g cordes who wrote (35168)	2/18/1998 11:35:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

<actually buying and holding stocks> ACK, an Investor! homepages.enterprise.net (I'm really ticked, the kid came in and interrupted me and I lost the original message. From what I can remember it went something like...) I would say the intention is to drive the market over 8500, Cowboy. (Don't ask me to explain any of this, it was in the original message. You know computers, it's out there somewhere.) If I were a gambling man, I would short the market early and be careful of a bounce mid-day or late afternoon. Then, I might look for a good place between Thursday afternoon and Friday to buy March DJ puts for Monday, expecting a minor rally mid-week and a failure by the end of the week. But that's if I were a gambling man. (I would insert an "Old and In The Way" midi in there but it's a pain to find and I am annoyed I lost the first message as it is. This may be more appropriate anyway.) cyber-hawaii.com