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To: TREND1 who wrote (34894)	6/14/1998 12:24:00 PM
From: DavidG	Respond to of 53903

Larry, Here are charts of SOX and MU that show their performance of last 6 weeks. SOX drops from 320 to 220+ and MU drops from 32 to 21+. Almost a 1 for 1 drop in percentage. Now... is it as some of the "forever bears" are saying that is specific to MU... or is it a sector problem with SEA? Looking for the Sector problem, all one has to do is check the widening disparity of exchange rates of Asia and US and the answer becomes quite evident. YEN now at year low of 144+ to the dollar. Taiwan is also one to watch closely. 207.95.154.130 207.95.154.130 This is the main reason why FEDs will not increase rates, and if anything may have to support foreign currency or drop US rates. DavidG