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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Graham who wrote (8956)	5/27/1998 1:23:00 PM
From: Chris	Read Replies (1) \| Respond to of 42787

[1:25) dow just initiated downleg.

To: Robert Graham who wrote (8956)	5/27/1998 1:23:00 PM
From: Steve Louris	Read Replies (2) \| Respond to of 42787

Bob, thanks for the running analysis on the indexes. I think you are right on the money. I have been very cautious of this market for the last month- so this is no surprise. What surprises me is I heard the "C" word for the first time last night from the talking heads on tv. NAZ and Rut2000 are almost down 10% and DJIA and S&P500 almost 5%. I don't think we will see a climax sell off and bounce like last Oct but rather a slow drain like has been happening. But, I think we will see a 10% correction for the Dow and SP and closer to 15 on NAZ and RUT2000 due to neg earnings preannouncements. Your thoughts? Steve