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To: Craig Rogers who wrote (32289)	9/3/1998 10:27:00 PM
From: PCSS	Respond to of 97611

Under current market and investor volatility and nervousness along with insecurity about Russia and now Latin America, my belief is that fund managers won't want to get into new long positions before a 3 day weekend. Therefore I expect the market to begin a sell-off by 1:30 tomorrow. JMHO Michael

To: Craig Rogers who wrote (32289)	9/3/1998 11:02:00 PM
From: Night Writer	Respond to of 97611

Craig, I think unemployment numbers come out tomorrow. Some speculate that if the numbers are good the buyers might come out. The general feeling is most traders will have beating the long week end traffic on their mind. Low volume and no real direction unless an early rally starts. History is with the traffic crowd. I have a 9:30 tee time myself. NW

To: Craig Rogers who wrote (32289)	9/3/1998 11:09:00 PM
From: FR1	Read Replies (1) \| Respond to of 97611

I have heard it both ways. Historically, if the market has had a gain between holidays, you can bet on a sell off. This time it is so crazy it is hard to say what will happen. It seems that all the air has been taken out of stocks and that would make you think a flat to up day as some have predicted. However, yesterday saw Malaysia do a big number by restricting trading on their currency in an effort to stabilize things. This drove the local big financial houses in Singapore down bad. Lots of chaos there. On the other hand there was a big shuffle in the government which was seen as a plus. IMHO, don't do anything until the smoke clears. Don't forget DELL is splitting tomorrow and that should be good.

To: Craig Rogers who wrote (32289)	9/4/1998 2:44:00 AM
From: Stephen	Read Replies (1) \| Respond to of 97611

Craig ... hey ... I saw this post on CMGI too .... I guess we follow the same stocks. Re your question .... historically tomorrow should be a rally day. On the other hand, the 'experts' question whether the longs will want to hold over a long weekend. So, one could conclude a trading rally in the a.m. .....sell off in the p.m. This would also be consistent with a negative market so why not ?. Today the market traded in a range bouncing off hi's and low's. Then again, the numbers were saved by a late afternoon buy program before real selling took the market down a little further. This also supports the sell-off of a rally concept. All this is dependant upon the European markets not getting too upset with life, and Asia behaving (so far not so bad .... but looks like even with possible government intervention, HK is going negative and the Nikkei is also down). As for the jobs numbers, I understand that with the motor and airline strikes they wil be difficult to interpret ... and in any event, I'm not sure what would be good for the equity market .... if they come in strong, there's less chance of an interest rate cut, if they come in weak it supports the fact that the economy is slowing down. I suspect the former will impact the long bond significantly, which may be the cause of any effect in the a.m. I'm rambling and probably not helping ... so I'll just wish you luck (along with everyone else)!! Stephen