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To: bw who wrote (1084)	7/15/1998 6:59:00 PM
From: Lucretius	Respond to of 14427

start getting worried! I think the blow-off top could occur at any time. Fri after everyone gets a look at MSFT the night before and the NASDAQ just closes over 2000 would be a logical place to start. Maybe we continue till next week.. who knows, but I think it will end by the end of the month for sure. When it starts it should selloff back to 8600 bounce nicely to 9000 and then turn south again for 7500. We should sit there until Oct where this mkt will decide whether it is over and we plunge back to the L-T trend line around 4000 or we base for a year and start a new bull. drillers: still waiting. I think they're going lower. Smells like a bear mkt rally to me. Too many ugly earnings and forward stmts still to come out in Conf calls. Numbers still have not come down. But maybe I'm drunk? Thean: BERW is poised to either break lower significantly or rally. I say she's going down. Looks like NKE finally broke down 4 months after I bought those LEAP puts (that's why I like time!). Lots of people underwater now. I like the action in it recently. Vol exanding to the downside. Break 44 and I think she's OVER!! Looks alot like last year's pattern. All the analysts that downgraded at the bottom in Dec, upgraded at the top here recently... coincidence? I think not! He w/ patience has his revenge! (I hope) -Luc