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To: TokyoMex who wrote (1731)	8/31/1998 3:48:00 PM
From: Stephen	Read Replies (1) \| Respond to of 19700

TM, you don't subscribe to the theory of the snow-ball effect 1)hedge-fund managers covering overseas losses by selling US equities 2)fund managers selling equities to cover forward redemptions3) individuals not being able to boost the market due to margin calls, and selling. There maybe a bounce at 7300 .... but it may not hold imho. Better TA's than me are saying this ... and I don't just mean JF. I'm 97% in cash, but this is horrible Good luck all Stephen