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To: Jenna who wrote (17447)	3/17/1998 8:43:00 PM
From: saulmon	Respond to of 50167

Jenna and all, any input on Nike for tomorrow? Didn't get any strong sense of direction today. When tomorrow will they announce earnings? Is there possibility of an announcement on a Callaway/Nike connection? Appreciate any feedback. Saulmon

To: Jenna who wrote (17447)	3/17/1998 10:51:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Great post- This has been exactly my point of view if charts would make one richer then computers assisted fund managers should have taken over as best performers, it has not been so this what I call limits of artificial intelligence-- charting more conveniently put is -' investing with habits' it is this very same streak leading to shorting at 992 SPH-- now nearly 100 points higher we still see periodic forecasts of doom and gloom but markets have their own mechanism and sweet timing one of these days we may get some 2-3% move down and that would keep some forecaster of doom in business but sitting at these heights I look back at 6950 the intraday low of 28th October and interestingly compare various notes I always find that reversals are most difficult to spot like when we moved down from 401 on SOX or moved up from 242 If we look at Bear/Bull ratio you would find that this is more an accurate representation of future action even this requires an educated guess most of the time to interpret sometime SI bear/bull ratio is a contrary indicator and at others it is like a specialist interest-- i.e. if you closely look at it the market and pessimism moves in same direction representing a perfect specialist or members interest while at other occasions you would find bear/bull ratio moving in opposite direction a contrary indicator it is this fine point if one is able to highlight the chances are more then likely that we may catch the right trend.