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To: donald sew who wrote (43825)	5/23/1998 5:53:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 58727

Don, The triangles appear to be getting tighter and tighter. How much longer can this type of action continue? Also, we have indices for various sectors (MSH, NAZ, IIX diverging substantially from the market as a whole). Do you see that this can continue for a long time?

To: donald sew who wrote (43825)	5/24/1998 4:10:00 AM
From: Wildstar	Respond to of 58727

>I interpret TRIANGLES as an interim where the overall market > cant make up there mind, evidenced with light volume. Don, With regard to the fundamental news that will cause a move out of the triangle phase, I think that the bias is to the downside since earnings warnings are gonna start coming out soon, especially if some of the big guys warn. I would not be surprised if some of the bigger semi-equips warn. It's been my experience in the past that the SOX is sometimes a leading indicator for the Nasdaq, and we all know how the SOX has been lately.