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To: Rob S. who wrote (12218)	8/1/1998 8:58:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Excerpt from Barrons: August 3, 1998 Double Whammy That, a technician asserts, is what the stock market is facing By Jacqueline Doherty Danger Zone Want a good scare? Don't bother seeing Armageddon or reading a Stephen King tome. Just talk to Peter Eliades. The technical analyst, who publishes the Stockmarket Cycles newsletter in Santa Rosa, California, has identified two patterns that may signal that stocks are about to tumble and which, he says, are consistent with the warning of a 1998 downturn, possibly in the summer, that he issued on these pages three months ago. True, many consider technical analysis akin to witchcraft because it involves no fundamental research. Instead, technicians use charts of the market's historical movements and look for patterns to predict its future direction. But those who take technical analysis seriously would certainly like to know that Eliades' charts are calling for a fall. The signals come from two indicators: a "double top" pattern and the Sign of the Bear. Independently, he warns, these two are ominous. Together, they give him the chills. The last time a double top and the Sign of the Bear occurred simultaneously was in 1966. Back then, the Sign of the Bear flashed its warning on January 25. There was also a double top formation in January and again on February 9, when the Dow hit an intraday high of 1001. From its peak in 1966, the Dow fell 27%, to 735, by October 10. The market didn't break through 1000 again until 1973. Today, a 27% decline would push the Dow down by more than 2,400 points. Scared yet? Eliades laid out his methods for spotting the Sign of the Bear in Barron's May 4 issue. The Sign came out of hibernation to flash a warning signal on April 6. It sent a second warning July 20. To Eliades, a Sign can occur whenever there are 21 or more consecutive trading days during which the market doesn't rise or fall much, but instead "churns" sideways. Such churning, he maintains, indicates a top if it is followed by two or three days during which the market falls sharply.

To: Rob S. who wrote (12218)	8/1/1998 2:46:00 PM
From: Mark Fowler	Read Replies (3) \| Respond to of 164684

Mark, most internet commerce is business-to-business and that percentage is growing. Forecasts are 70%-90% of commerce on the net will be biz-to-biz. The national economy would not even notice if e-tailing disappeared tomorrow. And only a relatively small number of investors are involved with inet stocks. Don't delude yourself, its just not that important yet and the companies that will end up making the most profit from it won't be Amazon or Yahoo!. "Trust me on that".<< Oh, i see more businesses hooking up with the likes of Yhoo, Aol, Amzn, etc. all the time. Eye balls is big business through individualize, targeted marketing today. I don't see how the consumer can be left out when 2/3rds. of the GDPs' are consumer spending. I find myself using the internet more and more to purchase items, investing, travel, communications, research, etc. And where do you go to find this info., yhoo,Aol,Amzn etc.... The internet and Ecommerce will catch on more and more with the consumer because economic losses and opportunity costs will be too great later on. This thing is starting to snowball now...trust me on that one!