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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: Scott H. Davis who wrote (1011)	5/27/1998 10:45:00 PM
From: ftth	Read Replies (1) \| Respond to of 1720

Hi Scott, yes I'd expect it to continue into tomorrow. Closing hour was just too strong. But after the first hour, hard to even guess (so I guess that doesn't help you much since you need a closing guesstimate (unless your funds are Fidelity Selects). I guess my stock market 5 day weather forcast would be: sunny tomorrow AM, becoming partly cloudy on through the weekend. Mostly cloudy Monday with a chance of a thunder storm late Monday and on into Tuesday, becoming clear and warmer Tuesday afternoon. No doubt, el nino will be blamed for this.:o) (I only say this with a weak attempt at humor so that no one puts too much stock (no pun intended) into this "forecast." The analogy accurately reflects by best guess at the moment) What funds are you in,if you don't mind saying? dh

To: Scott H. Davis who wrote (1011)	5/29/1998 10:44:00 AM
From: ftth	Read Replies (1) \| Respond to of 1720

Hi Scott, we're close to the point where I'd say the scenario I was hoping for isn't taking shape. Not enough strength or followthru yet to completely flip, but enough to make asset allocation adjustments. I'm looking at some longs here to hedge against being left out of a strong move up from here. Staying away from the rockets at this point and looking at bigger cap names that have been in consolidation for a couple months, such as ABF and COST. These would likely be relatively safe haven if the market does a head fake and does drop strongly into next week, yet look poised to participate if we do move up from here. HD is another to consider, but it's made an 8-10% move in the last week. dh