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To: donald sew who wrote (40280)	4/18/1998 11:05:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 58727

Of the hitech indices (other than IIX which I perceive to be too risky); which looks to be the most strong sale candidate?

To: donald sew who wrote (40280)	4/18/1998 11:59:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 58727

Don, just a thought on the sector rotation theory. If, the sector rotation holds, then wouldn't it be better to forget about shorting (or going long puts on) broad based indexes such as the OEX? I noticed you pointed it out as a potential target since it is becoming overbought, but in my opinion it is precisely the sector rotation which has prevented the OEX (and similarly diverse indexes) from tanking. Perhaps the Nasdaq is different since it is so tech heavy. But I think it will take an overall market correction, not just a sector correction, to have a significant impact on the OEX. Of course, I'm not referring to the quick day-trades which many on this thread seem to do so well. I'm thinking more of the position trades looking for a few days to the downside.