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To: The Jedi who wrote (40855)	4/22/1998 4:19:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (1) \| Respond to of 58727

DAVID...today was the day EMC Corp. (EMC) 42 1/4 -1/16: manufacturer of storage-related hardware, software and service products records a Q1 net of $0.28 a share, a penny ahead of the First Call estimate, vs year-ago profit of $0.22 a share; revenues rose 34% to $828.3 mln..... Amgen (AMGN) 57 1/4 -3/8: biotech concern reports 1st qtr earnings of $0.71 a share, 4 cents above the First Call mean estimate. AMGN earned $0.65 in the yr-ago period. Revenues rose 5% to $605 mln... The Walt Disney Company (DIS) 116 1/16 -11/16: diversified entertainment company reports Q2 net of $0.55 a share, 4 cents above the First Call mean and up from yr-ago net of $0.46. Company also declares a 3-for-1 stock split.... Microsoft Corp. (MSFT) 98 13/16 +3 15/16: software giant still manages to surprise by reporting a Q3 net of $0.50 a share, two cents above the market consensus, vs year-ago profit of $0.40 a share; revenues rose 17% to $3.77 bln; sees slower growth through balance of calendar 1998 as it remains concerned about the Far East..... BIG SURPRISE ;-0 now comes the cautionary conference call

To: The Jedi who wrote (40855)	4/22/1998 6:51:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 58727

Kiri--thanks for the response re PL What has your experience been as far as the length of time that these signals last--in other words, when a stock gets to the 80-87 level on the RS, does this constitute a signal that is good for days, weeks or months -- or is there any way of telling?? Also, given that sooner or later we shall see a market correction, would identifying stocks/sectors with a low RS, be the best from a stand-point of the stocks that are likely to cave in quickly and provide the maximum downside? Is there a critical point when the decline of the RS would cause the stock to become a good shorting candidate?? For example you said that PL was looking weaker technically at 75 -- at what point would you say the/any stock is a good short? I guess what I am asking is whether there is an equivalent number on the short side just as 87 is the number on the the long side. Please excuse the bunch of questions