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To: Olu Emuleomo who wrote (2993)	6/4/1998 1:17:00 PM
From: Gersh Avery	Respond to of 11051

Olu Re S&P shape. This top pattern is different than others that I've seen. Because of the length of time that the top is taking to form it is having an effect on the 200 day average. When and if that trend line goes south then "the trend is your friend" logic would state that it is time to sell the spike instead of buy the dip. The rate of change that has been requires to produce such a top has caught a lot of the buy the dip people off guard . IMHO the sharp drop in the tech stocks yesterday was supposed to trigger the buy the dip folks to step up and try to change the topping pattern. I don't think that it will work. If it doesn't work then the only thing that is going on right now is a set up for the big boys to unload their tech stocks. Gersh