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To: drsvelte who wrote (1475)	8/3/1998 7:29:00 AM
From: Thean	Read Replies (1) \| Respond to of 14427

Doc, excellent post. With your interest in the consumer non-durables I have a few more here. I will not comment on the fundi for obvious reason but based on chart alone I would say KMB - is on the verge of breaking to new low. UN - I agree with your assessment CL - the most uncorrected of them all due to their Total toothpaste but the rest of their business should not be any better/worse than others in the same group. I also think there will be a small attempt to pop up today so I will not short or put at the open. These stocks have tremendous institutional following and since last Thursday, the street has decided to let this one go. Drug stocks is one of the few remaining group that has yet to take a serious hit and it is not a stretch that after consumer non-durable drug stocks will be the next to go down.

To: drsvelte who wrote (1475)	8/9/1998 8:34:00 PM
From: drsvelte	Read Replies (3) \| Respond to of 14427

Svelte's Sunday Shorts I agree with Thean; its difficult to discern just where the market wants to go. Small caps staged a rally of sorts on Friday while the Nifty Fifty and the blue chips didn't participate. The Internut sector that I watch staged a late afternoon rally. Down deep, I think this ragged rebound is perhaps a bull trap. I'm not convinced that "everything is OK now" and we're on the way to 10,000 DOW. That said, what shorts am I looking at for Monday: NFS (Nationwide Financial Service) iqc.com To me this chart looks ugly. NFS reported in-line earnings last week on 8/3 and the "sell on the news" commenced. Support at around 44-45. This is a short term short for 2 points or so. FDX (FedEx) iqc.com Not a pretty sight. FDX was under selling pressure Friday and ended the week in a vulnerable position. Broke thru support at 60 on fairly high volume. In addition to a "technical short" FDX does have some serious problems with its Asia strategy (unlike UPS). To be continued. . .