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To: Patrick Slevin who wrote (44166)	5/31/1998 9:52:00 PM
From: Leland Charon	Read Replies (2) \| Respond to of 58727

Patrick, When you get a chance please take a look at the following link: Message 4655929 It is a link from a guy who trades the S&P's using some form of e-wave analysis. In the link he also points you to his website where he lists some performance summaries and commentaries. Let me know what you think. Thank you, Leland

To: Patrick Slevin who wrote (44166)	6/1/1998 2:37:00 AM
From: Dwight E. Karlsen	Respond to of 58727

Yes, agreed. Currently am short the SPX, no long positions in main account. Come to think of it, I probably should have paid the $60 and moved my IRA into cash. It's so expensive to trade my IRA that I usually pretty much ignore that account, other than being a genuine "buy-and-holder" of stock for like three to nine months at a shot. It's pretty apparent to nearly everyone now that the market has indeed interim topped, as so many have suspected for several weeks. It's becoming obvious to all now, if you've read much market commentary by the various gurus. I read the latest Pristine Letter, and Gene Ingor seems to be thinking he's Christopher Columbus, having just discovered the new world. But many people have been saying the same thing (including me) for several weeks, vis: Second quarter earnings are suspect, the market's trading at a multiple of an historic 24 trailing times, so there you are. Then look at the chart of the major indexes. Nice rounding top. So now the question just is, how low and how long will it take to reach the bottom?