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To: Jerry Olson who wrote (39720)	4/15/1998 11:43:00 AM
From: Patrick Slevin	Respond to of 58727

I don't know how much down. I think it will be pretty sharp but I hesitate to say it's the Wave Z that we all most fear. I do think it's proper to be on the alert for a crash but I also feel it has to be traded with some caution, keeping an eye on stops. Looking at a weekly chart I would guesstimate that a pullback should go at least to 1088 on the SP8M which would mean the SPX would be around 1081, best guess. I also agree on INTC, I think it will get below 70; at which point even I might buy it.