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To: wiley murray who wrote (94)	3/28/1998 6:26:00 PM
From: donald sew	Read Replies (1) \| Respond to of 245

Hi Wiley, Im still in WFC, at about the same price I originally got them at (336), but since I have had them about a week the time value is slipping a little. I agree with you on the Bollinger Bands, although the overall longterm trend is still bullish, it appears that it will be going thru a short-term bearish cycle very soon. It just set a higher high, now the key is that the dip does stays above 310 to maintain the longer-term uptrend. I see a strong support around 318-320 range. If it gets to 318-320 my puts would be doing well and I will terminate that positionn and go long at that time. WFC has spent 8 days in the 332-338 range - thats long enough, and since the technicals are basicly saying overbought for the short-term, the probability is much stronger to the downside. With the DOW slowing down a tad last week, that may also help. Just my luck - there will be manic buying. ggggggggggggg Seeya

To: wiley murray who wrote (94)	3/29/1998 9:56:00 AM
From: Mr.Manners	Read Replies (1) \| Respond to of 245

Hi Wiley, If this was last yr, I'd say we could easily get to 300, but the range looks like 308-312.. if only because WFC usually moves beyond expectations either way. I'm tryng to not listen to the usual predictors simply because this market has eradicate such movement every time someone is sure we're either going up or down. Since WFC has earnings coming though, I believe it may move slightly down, or drop sharply then come back fairly quickly and then the rumors take over again along with earnings' expectations.. I like the Bollinger bands. But as you know with WFC, it's usually very quickly that anything at all happens when it does.