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To: Jim Patterson who wrote (61577)	8/27/1998 5:02:00 PM
From: larry	Read Replies (1) \| Respond to of 176387

Jim, Has the textbooks told you that a bear market is formed when the inflation risk is low and the economy is robust? And in a market where high tech is the major force behind the bullish sentiment of the stock market, in the forseeable future, the technology should grow faster instead of stop growing. Also please name a few stocks that were rocketing in a bear market in the past. Also in a true bear market, basically no one was able to make huge gains on the long side. Adjusting to earning looks means correction, not bear market. I believe that DOW is going to hold 8000 level, and Nasdaq above 1600. A strong technical rally should happen when DOW penetrates below 8000 and set up a rebound toward 8500. We won't stay below 8000 for long. When the market sentiment turns super bearish and everyone gives up on the future outlook for the stock market, it's time that the market rallies to new high. good luck, larry!