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To: Robert Graham who wrote (7666)	4/20/1998 1:27:00 PM
From: David Alan Cook	Respond to of 42787

NVAL showing strength going into earnings. Company - Vision Care primarily in WalMart Stores - has announced retail sales for the qtr. . . Sales are Up over 20% - 10 million increase in revenue. Last year, the company reported a .03 increase ( .08 Up from .05 ) in earnings on a revenue increase of 4 million. The analyst estimate for the qtr is for a profit of .11. . .or a .03 increase from year ago numbers. Given the company's increase in revenue of 10 Million, I would expect NVAL to exceed this estimate. Institutional Buying recently . . Now at 6.7% . . .Insiders added 75,000 shares . . reversing some earlier selling. Chart looks good. . . DC

To: Robert Graham who wrote (7666)	4/20/1998 4:50:00 PM
From: Judy	Read Replies (2) \| Respond to of 42787

Bob, the funds have been moving money into the market every day, and net movement is an inflow of funds. "Evidence"?? What the market is showing us is a pattern, whether the pattern remains consistent or not relative to the sectors being rotated into or outof depends on one's interpretation. I personally need to see a multitude of indicators confirming during several program buys and sells before taking a definitive stance. After all, there are n-degrees of freedom to any single data point. An exercise for you ... IBM has announced earnings, revenues declining. Watch the sector for a bit ... and then post me back whether the market views the sector with disfavor OR whether other players in the sector are eating IBM's lunch and dinner. Take the broad view of the tape.

To: Robert Graham who wrote (7666)	4/21/1998 3:06:00 PM
From: Chris	Respond to of 42787

couple things to note on the mkt and on my mkt call: sp500 (which i based on my mkt analysis on - where i called either for a correction/pullback or a consolidation period) is actually happening. today, spx is down slightly. as of late, spx have been consolidating for the last week or so. now.. i failed to mention that djia and naz indexes were slightly stronger than the sp500. as we see today, the money flow and leadership (hehe) is in the techs. for the techs, i watch the SOX.. i want the sox to break the 312-313 resistance.. as of now, it's at 311 with an intraday high of 314. that is not good. i think we seeing the mkt consolidation (i dont believe we will see a big pullback in the mkt)... the techs are just feeling the earnings frenzy right now.. so it's kinda hard to guage to real strength of the tech stock mkt..