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To: donss who wrote (4426)	8/31/1998 5:57:00 PM
From: Geoff	Respond to of 10852

Don, all I know is that the put/call ratio is at 9 or 10 year highs. That is usually a sign of investors trying to find a bottom. Looks like it hasn't happened yet. We shall see tomorrow. best of luck, geoff

To: donss who wrote (4426)	8/31/1998 6:11:00 PM
From: Jim Parkinson	Respond to of 10852

I think we are headed for 7300 on the DOW but, in the past, panic selling like the last few days capped off today, usually marks the bottom. Over 1200 daily new lows today, the highest in 35 years. The 2nd to the highest was last Thur at about 987 and the prev record was 10/87 at about 1153. Go figure. Who the hell knows. No mrkt analyst I have listened to of late even has a clue.

To: donss who wrote (4426)	8/31/1998 9:45:00 PM
From: Slick	Respond to of 10852

Ahh yes the question of the moment: "where is the bottom?" Much as I hate to tell ya, and my timing has certainly proven to be sterling so far, I think we are looking at DOW 5000, maybe 4000 before this is all through. Won't happen in a day, or even a week. Instead, expect a slow pernicious deterioration in stock-valuation over the next 3-12 months. Thin rallies, false hopes, a few heroes, lots of goats. Overall whenever it will look like we are turning the corner, it will turn out that stocks are turning the circles down the drain. I'll be picking up some LOR when it reaches 6, maybe 8. Happy investing....Slick