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Strategies & Market Trends : SPARKY'S CORNER -- Ignore unavailable to you. Want to Upgrade?

To: Sparky Beardslee who wrote (3658)	10/1/1998 8:12:00 AM
From: Bruce A. Brotnov	Respond to of 4142

Sparky, ERTS must have some earnings optimism as they have .17 est for 10/23 and 1.09 for following quarter. SUT went up after beating estimates (.59 vs .56) in a declining market but no additional news that I am aware of. Sure getting tired of looking at futures down double digits when I turn CNBC on in the mornings. Looks like market wants to retest 7500 area (perhaps today) if the world markets are an indication. If Greenspan doesn't step up to the plate today (re. hedge funds) and show support for us/world economic situation, we might see 7400 even taken out. I hope your right about a reversal today but we might see 100 to 200 point drop first. Bruce

To: Sparky Beardslee who wrote (3658)	10/2/1998 8:28:00 AM
From: Bruce A. Brotnov	Read Replies (1) \| Respond to of 4142

Sparky, sure looks like OSTE is oversold. Analyst dropped it from strong buy to buy and it is off 9 points in 2 days. Unless there is more negative behind the scenes, that seems like a little bit of over reaction. I have learned to watch the bottom fishers a little more from you, especially in this kind of market where it is hard to go to "higher highs". Futures up 9 right now and if unemployment report is acceptable, it should be a nice bounce today and good trading. Bruce