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To: Eddie Kim who wrote (51801)	9/8/1998 11:45:00 AM
From: Philipp	Respond to of 58727

O.k., slightly bearish. You are of course right there is always another day. It could be a double top, but need not be. Also see Don's comments on this. I think the more important issue is how much of this 300 point gain the Dow will surrender by this evening. This tells you much more about the real selling pressure than the magnitude of this hyped-up morning rally. So far the market is keeping up quite well. SPX still above 1000. For this rally to show any real conviction, I would think it should reach a new intra-day high in the afternoon (or at least close fairly close to where it is now). Regards, Phil