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To: Joseph Pareti who wrote (64089)	9/8/1998 3:03:00 PM
From: Paul Engel	Read Replies (2) \| Respond to of 186894

Joseph - Re: "Is this a recovery or a dead cat bounce ?" Who knows? Lots of people claim to have all these answers - but I'm not one of them. Paul

To: Joseph Pareti who wrote (64089)	9/8/1998 3:37:00 PM
From: Gerald Walls	Respond to of 186894

OT Is this a recovery or a dead cat bounce ? If you follow William O'Neil (sp?) and IBD then today appears (assuming no EOD selloff) to be a confirming follow-through day to last week's rally attempt. We're up over 1% on heavier volume then the previous day (although the previous day was a pre-holiday light volume day) within three to seven days of the original rally attempt. O'Neil says this is accurate 80% of the time and a different IBD story says it's accurate 75% of the time. According to this philosophy then tomorrow you'd start to buy into stocks breaking out of bases put in during this decline. If I knew I wouldn't be working.