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To: SJS who wrote (25244)	7/7/1998 11:54:00 AM
From: marc chatman	Respond to of 95453

Yep. The bad stocks, not the good ones. SLB once again holding firm. All the other OSX components are falling off the charts. Since SLB is the single largest component, the drop in the OSX the past few weeks has actually understated the decline in the sector. I'm starting to think we aren't even beginning to grasp the potential for further declines, or the possible duration. You know all that talk by some older money managers about the current generation never having seen a true bear market?