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To: Lucretius who wrote (237)	5/12/1998 8:57:00 PM
From: Thean	Respond to of 14427

LT - I don't read those triangle stuff, especially for the major indices. You know it is hard to call things like that since the market fundamentals can change from day-to-day, like Greenspan suddenly dies; Clinton suddenly got assasinated; Yelsin dies; UFO appears; India nuclear bomb experiment backfires and blow up on their own people; Saddam dies.... Net, I don't know!! However, if you notice the late surge in the overall market today, it could be a prelude to the rally tomorrow upon good CPI number. We shall see. Dell is tricky here. It can easily go to 100 and there is no Put to buy above $90! Bummer. Now with MU - I agree with your short term reversal interpretation. However, if you look at this chart, you should know why MU closed today at 30. Look at the chart first, then look at the answer below 207.95.154.130 OK. You guess it - $30 is support by the lower BB today. MU's BB has been narrowing due to this $28-30 tranding range and in two days we swang from the upper BB to the lower BB. Something has to happen tomorrow: either MU moving down and closing below today and thereby expanding the channel and possibly beginning to show riding the lower wave; Or MU bouncing back from the lower BB and spending a few days trading in narrow range and then making its way to the upper BB again. Since I have Put MU I want the first scenario to happen but you know me, I want to play out the possible scenarios for neutrality and objectiveness sake. Now a bonus - MU's long term stochastics showsa crossover today. This happens near the 80% level but not above it. It would be really nice if it is above it but being below it could mean one more fakeout.

To: Lucretius who wrote (237)	5/13/1998 8:56:00 AM
From: Teddy	Read Replies (3) \| Respond to of 14427

Going up! (except for gold: still under $300) After relatively benign April Producer Price Index and retail sales figures, stocks look like they're going to head higher this morning. The PPI showed an increase of 0.2% in both the headline number and the core, which excludes food and energy prices. Expectations were for those numbers to come in at 0.1% and flat, respectively. But the Labor Department says that increases in tobacco prices had a lot to do with those gains, and the Treasury market appears to have taken some solace from that. Retail sales rose 0.5% in both the overall and core numbers, slightly less than expectations that they would increase 0.6%. At 8:40 a.m. EDT, the S&P 500 futures were up 1.40. They closed above fair value last night, so that indicates a good move at the open. The 30-year Treasury bond was up 5/32 at 102 8/32, dropping the yield to 5.96%.