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To: Suresh who wrote (43904)	5/27/1998 2:49:00 AM
From: Nemer	Read Replies (1) \| Respond to of 58727

Suresha: let me start this post with the statement that no derision, or flaming is intended.................... -------- >all previous crashes have started with summation index becoming -ve. I hate to appear stupid....... but what previous crashes /////// and with what summation index becoming -ve ///////// -----> I would assume the low volume sell off today to be a -ve in the short term. Ok, I'm stupid....... explain low volume minus ve in the short term.........( I'm simply assuming the place of the voodoo queen in asking these questions......) ---->Most of the recent bottoms have been established with solid gain in volume. tell me "bout em, cause I haven't seen em............ -----> Most of the recent bottoms have been established with solid gain in volume Again, I'm not trying to insult, I'm trying to learn........ and there is no implied or intended insult...... Regards ---- Nemer.

To: Suresh who wrote (43904)	5/27/1998 3:19:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 58727

Who knows where we'll go...time will tell. If I'm terribly wrong about some kind of short-term recovery, I still have 3 1/2 weeks before I'm up against expiration. I follow market commentary, and different strategists/analysts/technicians have been issuing cautionary warnings since the beginning of April. Sure enough, we had the first mini-sell-off on April 6th. Gradually as the water heats up, we see more and more people getting skittish/cautionary/alarmed. But the facts are that there is no new news. Earnings in the first qtr of 1998 were about 1.7% over the prior year. The market rallied onward and upward, comforted by hopeful notes from company CFOs and CEOs about the second half. All of this is by now old news. The market simply ran out of momentum, and is stumbling. I just don't see any trigger which would cause widespread panic, "panic" defined for this post as substantial and very aggressive selling which would create losses in the indexes taking them down to beginning of 1998 levels.