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To: David Lawrence who wrote (1469)5/15/1998 4:10:00 PM
From: Steve Fancy  Respond to of 3813
 
FWIW, I'm thinking it may have some more downside Monday...good news out of Indonesia could keep the market in check at least till Tuesday...market usually sells off after Fed announcement...course, as soon as a pattern seems to be established, its usually broken.

sf



To: David Lawrence who wrote (1469)5/15/1998 4:48:00 PM
From: Jacob Snyder  Respond to of 3813
 
I'm going to cover my shorts at 42, and short again if it hits 48. That seems to be the trading range, and I see little possibility of breaking above it till next earnings season, at the earliest. I wouldn't go long till we retest the January lows.


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