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To: Nancy who wrote (51711)	9/7/1998 2:55:00 PM
From: The Jedi	Read Replies (1) \| Respond to of 58727

I think politics is going to rear its ugly head in this market. If the Starr report is damaging then the market will take a dive. In this world of leaks they know that the Starr report is damaging. So the solution is call the big CEO's, the industry leaders (few phone calls from the white house)and have em announce massive buy back programs (IBM in 87 crash, I think) and hint for rate cuts, best just announce a cut the day the market takes a dive. These are the few ways to save this bull market including parade the bulls on CNBC. The crash will have big repercussions including at the polls and people will be looking for scape goats. Kiri

To: Nancy who wrote (51711)	9/7/1998 4:11:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

Nancy, >>>>>>He (Greenspan) essentially put a floor in by hinting rate cut if U.S. market is further adversedly affected by the world. Govt cannot afford a recession caused by slowing consumer spending because of the negative wealth effect induced by a market crash. <<<<<<<<<<<< If you are implying that we hit bottom, you may be right but I will not take anything for certain right now. My technicals say the market is heading lower, but personally I am not sure of anything at all. I will just watch a break of support lines and resistance lines. And If we do start rebounding hard from here I would not consider a reversal of the downtrend unless we got above the 8300-8400 range. Actually it may have to get above 8850 to break the downtrend. Keep in mind that in 1973 the market rebounded 11% after correcting, and then it dropped another about 30% more from there. Nothing is for certain in this market, whether up or down. Whether the bulls or bears are correct, its a 50/50 chance in either direction, so whoever is right - it is no great statistical achievement. Im only concerned about making money playing the ripples, whenever I can, and frankly I would prefer that the market does not drop further and range trades - thats when I make the most, not in an big uptrend or big downtrend. If 7400 holds I severely doubt that the market will head straight to the 9400 in a short period of time which would technically confirm that we are back in an strong uptrend. If 7400 holds on the downside and 9350 holds on the upside we will technically be in an trading range which is what I am really hoping for. Seeya