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To: Kerry Phineas who wrote (29090)	2/27/1998 7:13:00 PM
From: Thomas G. Busillo	Respond to of 53903

Kerry, far from scaring us off, it very well may have had some of us going "SCHWIING! SCHWIING! SCHWIING!" Cramer had a great analogy earlier this week on how the techs were trading into pre-warnings season. He compared it to the game of chicken in "Rebel Without a Cause". Everyone knows there's a big cliff coming up, but the guy who wins is the guy who can hang in there until the last minute. I'm not a "forever bear". I'm an FA bear. Knowing that IMHO the FA bias is fairly negative until the later part of the year, to extend Cramer's analogy, gives me a clue as to when all the other guys are about to jump out of their cars. This sudden tack of "hey, we're looking ahead to 1999" definitely sounds good when it is said through Pisani, but we'll see if this long-term "perspective" holds up on the tape. VLSI was the first high profile chip firm to warn following the "double-bottom" in the sector. The $SOX didn't take it that well. If the $SOX backs down, I don't expect Pisani to quote his anonymous "technicians" as calling it "pullback following a classic 50% retracement", which IMHO is what the $SOX seems to be setting up for heading into March. We'll see. Good trading, Tom