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To: Bill Harmond who wrote (13104)	7/28/1998 7:46:00 PM
From: fedhead	Read Replies (1) \| Respond to of 27307

Thats the problem. When the laggards of the bull market start flying it might indicate that the market is headed down. Anindo

To: Bill Harmond who wrote (13104)	7/29/1998 12:08:00 AM
From: Robert Marsh	Respond to of 27307

>I think the A/D issue today clouds the general condition of the market because there were so many stocks closing lower today that didn't take out yesterday's low. Was that the same market I watched? Near the end there were something like over three hundred new yearly lows on the NYSE, which would make them lower than yesterday and the 364 days before that. At one point the tick was near -1000 and the put:call ratio never indicated a capitulation to the selling. The big MO is down, but the internet honeymoon ain't over yet. >The semiconductor cap equipment group was really strong today. I totally agree here. Great relative strength in the SOX and probably little downside even if we correct. Bubba