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To: Dale Knipschield who wrote (14107)	5/27/1998 12:07:00 PM
From: Patrick Slevin	Respond to of 17305

Gee I could never go out more than a couple of days. I certainly do not think the downside will be over for a while. Sporadic rallies would be commonplace in an overall re-tracement. When the re-tracement ends is anyone's guess at this point, I think.

To: Dale Knipschield who wrote (14107)	5/27/1998 6:51:00 PM
From: Trader X	Read Replies (1) \| Respond to of 17305

Dale, I think the Naz is done correcting for now. Look at this action today: Open 1759 Close 1780 The Naz closed up 20 points higher than it opened. Support held at the critically acclaimed 1742 low today, which is coincidently the high it reached last Sept. before the fall correction. here's a hint: there are NO coincidences. 1742 held precisely because it was resistance before...now it's support. the last piece of the equation is the bond market. Stocks have been shadowing the bond market for what...as long as anyone can remember...and there are folks who make a living out of remembering these things. The long bond is under 6% and gaining strength. Had the long bond been suffering weakness concurrently with stocks, I would be a worried man right now. I'm not a worried man. we're still going to see Naz 2,000 in june. I just hope that we start seeing more advancing stocks in the rally than we have been. The market breadth has been very stinky. TX