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To: marc chatman who wrote (40283)	4/18/1998 12:32:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 58727

for those who dont know what the heck the "tulip" thing is about.... Message 4109843 I didnt but it has come into play with the internet stocks btw, the analyst from Merill said he didnt think they had reached the tulip stage YET but did issue cautionary warnings about these stocks right now..even those they are recommending. and there is an article from barrons posted on this thread about these stocks Message 4112270 Message 4112265 Message 4112246

To: marc chatman who wrote (40283)	4/18/1998 3:01:00 PM
From: donald sew	Respond to of 58727

Marc, >>> 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.<<< I agree; the OEX scares me a bit also. It has been one of the strongest indexes during the runup and the pullbacks have been small. As for the NDX, during this rally it has substantially pulled back twice already, once in early March of 80 points and the other a few weeks ago for about 60 points. To compare the NDX to the DOW Im using the ratio of 7:1, so the those were substantial declines of about 560 and 420 DOW points. Such ratio can be misleading at times but just using it as a point of reference. Basicly the pullback in the NDX has been greater than the DOW on a relative basis. Seeya