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To: donald sew who wrote (38806)	4/9/1998 1:14:00 PM
From: Kevin	Read Replies (1) \| Respond to of 58727

>>> Right now the DOW is at its highs again at 9010, and if it does not go higher then we will be forming a double top and it should be down from here onwards. <<< Hi Don. At this moment, I am starting to see the possibility that this rally could crap out and reverse some. What I see is minor but could continue to develop.

To: donald sew who wrote (38806)	4/9/1998 1:26:00 PM
From: Patrick Slevin	Respond to of 58727

Of course, the alternative is a breakout towards new highs. However, it does just look (to me) like a snap-back rally but I don't care to trade it. If it closes like this there should be selling pressure on the open Monday, my guess. On the Japan Yen discussion; it seems the US wants to prop up the Yen to level the field on trading. A weak Yen makes US products unappealing and Japanese products will undercut US sales here at home. I see a lot of analogies to the Hoover era, where Hoover's tax cuts were too little too late. I have no idea how that all should play out.