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To: Bill Harmond who wrote (10790)	5/10/1998 5:20:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 27307

I agree, @ least until May 19, when the Fed decides on what it will do with interest rates. Right now it appears that Wall Street is betting 60/40 against a increase. After that, we have another, 90 days.

To: Bill Harmond who wrote (10790)	5/11/1998 5:30:00 PM
From: Michael Collings	Read Replies (1) \| Respond to of 27307

>>Michael, If the market didn't break down this past Thursday, I don't think it's going any lower for a while.<< I totally disagree William. That the market bounces off a moving average does not mean it will not retest it again and not break through it the next time. If you look at individual blue chip stocks you will see many have broken down under their 50 day averages. I believe it is only a matter of time (and I do mean a very short time) before the market completely breaks down. Spain, Italy and Switzerland look to be breaking down now. I believe we are about to see one of the greatest transfers of wealth of all time, from the unsuspecting boomers to a relatively few large traders and institutions. The game never changes, only the players.