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To: donald sew who wrote (51047)8/28/1998 2:41:00 PM
From: The Jedi  Respond to of 58727
 
Donald could you check your tea leaves again and see what is happening. From the floor I am hearing that most of the selling being done is cause of margin calls, specifically from yuppies and that is why the internet sector is selling off (to meet the margins). Seasoned traders are not doing anything and are waiting for Monday.

As Favors indicates that there may be a rally. Some cycles turn up next week, so there may be a rally coming.

What do you think.

Kiri



To: donald sew who wrote (51047)8/29/1998 12:43:00 AM
From: George Mc Geary  Read Replies (1) | Respond to of 58727
 
Donald, Thought I would post the following for consideration.
With the correction from the highs I would think we are ready
for a bounce soon.

Index Current 52 Wk High Change

DOW 8,051.52 9,367.84 -14.05%
SPX 1,027.25 1,190.58 -13.72%
OEX 507.79 582.27 -12.79%
NAZ 1,639.68 2,028.18 -19.16%
NDX 1,265.04 1,485.97 -14.87%
SOX 210.79 405.48 -48.01%



To: donald sew who wrote (51047)8/29/1998 1:23:00 AM
From: George Mc Geary  Read Replies (1) | Respond to of 58727
 
Donald, Here is a little worse case scenario.

52 Wk
Index Current High Change -15.0% -17.5% -20.0% -22.5% -25%

DOW 8052 9368 -14.05% 7963 7728 7494 7260 7026
SPX 1027 1191 -13.72% 1012 982 952 923 893
OEX 508 582 -12.79% 495 480 466 451 437
NAZ 1640 2028 -19.16% 1724 1673 1623 1572 1521
NDX 1265 1486 -14.87% 1263 1226 1189 1152 1114