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To: Nemer who wrote (46123)	6/17/1998 11:06:00 AM
From: SE	Read Replies (4) \| Respond to of 58727

Nemer...anyone, Thoughts? I think we are out of steam here and ripe to go back down. In fact, I would not be suprised to see today's gains erased by the close. However, I have nothing concrete to back up that opinion and could actually see us going higher and this little pause here is simply a short term consolidation phase of the day. Anyone have any firm ideas on the direction? I am somewhat at a loss right now... -Scott

To: Nemer who wrote (46123)	6/17/1998 11:11:00 AM
From: WBendus	Read Replies (1) \| Respond to of 58727

Nemer, 8775 is an earlier inflection point in this rally. Simply, old resistance is new support. The rally is starting to look a little tired. 150 point sprint takes a lot of wind. The one thing that we must remember here, is that the US would not spend billions of Tax dollars to support the YEN unless they were certain that the Japanese were going to finally get serious about their problems. Wayde.