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To: Wayners who wrote (17105)6/8/1998 2:09:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 


>>Looks to me like this thing will bounce off of $26 1/2 today, retest $27 1/2 late today or early tomorrow<<

That's what I think to. The only thing I don't feel confident
about is the extremely low volume. If this continues, it might
stay the same or sink. If I see volume picking up, then I
think it's going up.

My guess of what's causing the low volume - which I think is Market wide - is due to early fears about Greenspan's Wednesday
pow-wow with Congress.

>>before dropping to retest $23 by the end of the week.<<

I don't think, so unless the whole market is leading it -
which is possible if Greenspan scares it. I don't think
Greenspan will say anything negative, since I think he
likes the present state of the economy, int. rates, market
valuation, etc...plus, he doesn't want to go down in
history as kicking Asia in a gigantic world depression.<g>

I'll be looking at the action starting 2:30pm....

j




To: Wayners who wrote (17105)6/8/1998 2:43:00 PM
From: chenys  Read Replies (1) | Respond to of 45548
 
The coming thrust will be more violent if this is a down day. 27 1/16 would be a nice close. Be realistic, we need a symbolic down day (with low volume) one way or another. Remember, these few days of movement was just to make a case of the reversal, with the price change kind of insignificant.



To: Wayners who wrote (17105)6/8/1998 2:57:00 PM
From: joe  Read Replies (1) | Respond to of 45548
 
I think we might be off to the races soon!:-)

Gentlemen, start your engines....

j