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To: Patrick Slevin who wrote (42628)	5/7/1998 10:07:00 PM
From: Byram	Respond to of 58727

Pat - I do agree short term....... If - hopefully we have a rally on Friday But I am on the sidelines....some think I am stupid but, that is where I like being....The funny thing is before I found SI and this thread..I told several folks tha tI did not "Trust" this market..they think I am stupid....Although we have an investment in"DELL" & "XON" We have pulled our money except for my short term vices (options-daily). But, the cash on the sidelines - has to keep working....or they will lose moey/cust...... it will come in shortly.....maybe not soon enough to help my position but soon........ BTW This I have to re-interate here: In Aug '96 my 87 year old grandmother said "buy XON, they will split soon and you can live on the dividend". Now, I wasn't so sure....but within 1 yr......I had a split with a 50%ñ return.......-Living off the income - well, she's not a 38 year old newlywed in in the '90 . But, Not bad for a "Little old lady" Byram

To: Patrick Slevin who wrote (42628)	5/8/1998 12:41:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ------------------------------ All my charts are not yet updated but my initial readings are that the majority of the indexes are now CLASS BUYS to obtain at the lows tomorrow. If the economic numbers are bad, I will wait an extra day to get in (Monday). If the numbers are in line or up, I will try to identify the low of the day and go long. I am not saying that we will set new highs, since that is doubtful but I will be playing for the pop. If the numbers are in line the market will open up, but probably still sell off on a intraday basis. If the DOW goes negative 50-100 points that will be the time to initiate a long position. The upcycle which should start Monday, or could start as early as tomorrow afternoon, should last 3-4 days; therefore the next short-term down trend should start next THUR/FRIDAY. I will probably go with the OEX tomorrow if the above conditions are met. I realise that many may be looking for the big drop; that will happen soon but the probability is that it will not happen during this specific short-term cycle. Seeya