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To: donald sew who wrote (37572)	3/27/1998 8:39:00 AM
From: j g cordes	Read Replies (3) \| Respond to of 58727

Hi Don, we also have to allow for another contrary possibility which goes something like this... Over the last few days, the action has looked to the downside and short interest is very high, which has drawn in more down aniticipation in derivatives because of rising gold/commodities/oil... and the ever present Federal Reserve rumoring. Yet, the market is manic and flush with cash which sets up a short covering rally that really takes off when the Fed does nothing next week and the oil/commodities/gold combo sees the Fed is not going to support higher rates... and they fall. We get a sharp rally into April. Jim Do I believe it...? Side B of the current hit single.