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To: Knighty Tin who wrote (37443)	8/13/1998 4:37:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 53903

Michael, I believe you are going to be vindicated within the next six month and see MU trading under its yearly low of 10 or so. As a matter of fact, I believe that the backbone of this bull market has been broken, Larry (or should I say HAL) should look at the Dow transport and its major divergence with the DOW for the reason (and many other reasons on top of it, this is just the straw that is breaking the bull's back). The Dow Transportation is now at the same levels (and probably will break below) it was at the depth of the meltdown last October, a very bad sign, almost indicating that the markets believe we are not going to escape the Asian malaise and go into a recession, or at least is forecasting a recession that may not happen. Enjoy your shorts, it is still summer (VBG). Zeev