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To: ViperChick Secret Agent 006.9 who wrote (48287)	7/23/1998 10:37:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

Thursday July 23, 9:44 am Eastern Time Fed seen adding reserves via O/N or 4-day repos NEW YORK, July 23 (Reuters) - The Federal Reserve was expected to inject reserves into the banking system through a round of overnight or four-day system repurchase agreements on Thursday, analysts said. In the second half of the current maintenance period, analysts predict an average daily add need of $1-1.5 billion. One economist noted that while the Fed needs to add reserves, the small add job may limit the Fed to a number of overnight system repos. However, others said the Fed may opt today for a four-day operation so that it can fine-tune reserves next week if need be. Fed funds were trading at 5-9/16 percent, above the Fed's target rate of 5-1/2 percent, in early morning trade.

To: ViperChick Secret Agent 006.9 who wrote (48287)	7/23/1998 10:41:00 AM
From: John Lacelle	Read Replies (1) \| Respond to of 58727

Lisa, CSCO has a P/E ratio of 103!!! Isn't this all getting a little outrageous? If CSCO keeps growing at this rate, ten years from now they will be worth more than Western Europe. At least with tulip bulbs, you could still plant the thing but what can you do with stock certificates that are worth 1/4 what you paid for them? You can't use em as wall paper, cause you will have to peel em back off to sell for the tax loss... -John

To: ViperChick Secret Agent 006.9 who wrote (48287)	7/23/1998 10:47:00 AM
From: Nemer	Read Replies (1) \| Respond to of 58727

CSCO give the homeless man another dollar, little one....... 99 is the key pivot point 97 and 94 are below that but you will be long gone on your calls if CSCO reaches the lower one and in a panic if it hits 97 ..... target ceiling is 103 but the overall weakness of the market will preclude that goal being easily reached ....... I'm taking a break from the household chores ----- surely do wish this blonde roomie of mine would go back to work ---- ggggggg SPX points are 1158....1162...1164....1165...1167...1170.... currently trading at 1162.59

To: ViperChick Secret Agent 006.9 who wrote (48287)	7/23/1998 11:28:00 AM
From: Lee	Read Replies (1) \| Respond to of 58727

Hi Lisa,..Re:<<you all can buy now and support my position>> Already bought some Tuesday. Waiting to buy more on a market correction which, by the way, I saw from your post yesterday about cycles, parabolics, astrological, and other TA that might happen soon. Only I don't understand how this can be predicted just based on TA. I don't see how we can possibly ignore fundamentals when discussing a major market change and that's probably why I can't get entirely tuned in to using charts except for buying or selling the extremely stretched points. I guess what I'm saying is that unless something fundamental has changed with the economy, and the consumer is going to completely stop buying, how can we think we're near a top? I thought the whole enchilada came down to supply/demand metrics. BWDIK! Anyway doing my part on the demand side.<VBG> Regards, Lee