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To: Clay M who wrote (44739)	6/4/1998 10:43:00 AM
From: Patrick Slevin	Respond to of 58727

Depends on from what level. I think the max may be 90.....although it has had a track record of piercing the prior breakdown level and starting towards the next one before failing. But I think 90 would be the max point. Downside, I would tighten stops on a break below 75.50 because a rally could be very sharp and carry at least to 90 because of short covering. Also, remember that this break from yesterday is bound to bring out a lot of put buyers and slow the downside for a time. Probably the reason it's still here. If there are a lot of put buyers, and I'm sure there are, this sideways action discloses even more weakness. If the market can't rally during heavy put accumulation then it is truly sick.