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To: donald sew who wrote (51408)	9/2/1998 9:05:00 PM
From: epicure	Respond to of 58727

Well I looked over my charts and the stocks i have puts on KO, MSFT, and AMZN show some real weakness. I took a look at the indexes and most of them made stars today- after yesterdays runup this leaves us 2/3 of the way to an evening star formation- if tomorrow is a down day. Hard to say after that late day sell off whether we snap back in the morning or continue down. But I would bet the late day selloff made a lot of people nervous, and sentiment accounts for a lot of the action right now. I also noticed gold perked up considerably with one brokerage going so far as to rate it an accumulate - see below. I think that is bearish. BWDIK Gold Companies: Merrill Lynch initiates coverage on Placer Dome (PDG) (9 3/16 +11/16), Kinross Gold (KGC) (2 1/16 +3/16), and Barrick Gold (ABX) (13 15/16 +5/8) with a "near-term/long-term accumulate" and Getchell Gold (GGC) (16 13/16 -1/8) and TVX Gold (TVX) (1 7/16 +3/16) with a "near-term/long-term neutral.....

To: donald sew who wrote (51408)	9/2/1998 10:20:00 PM
From: FJV	Read Replies (1) \| Respond to of 58727

Don, Pissani erroneously refers to it as a bear trap all the time. Your confusion is understandable. I would think that either Kernan, Faber or Haynes would have straightened him out by now - oh well. BTW, your analysis has been quite accurate to now - congrats and thanks for all your hard work and skill and your willingness to share both. I appreciate your effort. FWIW, Jerry Favors, Arch Crawford and Don Sew all see the end of this week as the last hurrah for this terminal bull. That's good enough for me. The puts are in, the beer is cold and the steaks are ready for the BBQ over the long weekend. They needed to be marinated and tenderized though, as the bull from which they came has gotten awfully tough over the last 16 years. Continued success on your prognostication - always look forward to your index updates. Seeya Franco