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To: Joseph G. who wrote (4250)	8/21/1998 7:55:00 PM
From: robnhood	Respond to of 86076

<<Good times are here again! Bull are so happy on a day average US stock portfolio losses only 1.44% -g->>> LOL & VBG

To: Joseph G. who wrote (4250)	8/23/1998 1:49:00 PM
From: HH	Read Replies (2) \| Respond to of 86076

In response to your BK post: To: David Stern (24963 ) From: Joseph G. Sunday, Aug 23 1998 11:36AM ET Reply # of 24987 Not being a candle guy myself, I'll translate it into English: that "hammer" is first day of a potential two day key reversal formation. I'd like first to see the second day of the reversal to actually happen before taking it as a done deal. And even if it does happen, so what - just a minor spike before the big [huge] move down. IMO, the Clinton affairs (the fake confession and the strike) have messed up the chart a bit - however, the fundamental economic situation deteriorates very rapidly, and any spike up will be met with totally overwhelming selling. JOE, I agree we're in some interesting times and what we have seen on this downmove could continue. I expect we will get back to Jan levels before too long. I am positioned well with a strong number of puts. Knowing me as I do, I get tempted with the first sign of profit. So, I am trying to mentally prepare myself to stay the course but amidst a the noise and clamour its going to be hard. If the market rallies to 10,000, so be it. I've got no problem But, we just might be at a historic crossroad with the end of an amazing BULL market. If the big cappers succumb as is my theme, my trigger finger will be tested. It would be a shame to have been fortunate not only to get out of the market within 6 months of a top and to get well positioned with potentially grand slammer puts, only to cash in with relatively small speculative gains. So, the question behind all this is : do you see a strong potential below Jan levels? My plan is to hit those levels, take some gains and re-position based on the then current evaluation. HH