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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (1459)	10/8/1998 8:47:00 AM
From: DD™	Read Replies (2) \| Respond to of 15132

Abbey "The Bull" Cohen cutting earnings expectations for S&P companies... briefing.com DD

To: Justa Werkenstiff who wrote (1459)	10/8/1998 10:38:00 AM
From: Greg Butcher	Read Replies (1) \| Respond to of 15132

RE: Greg: Re: "Another blind follower" Greg, your emotional state is understandable to a certain extent, but comments like this have no place on this thread. State your market comments if you choose, but this stuff contributes nothing except animosity" His question was designed to create animosity also..so get off your high and mighty horse would you!! oh, and by the way...what a great Bull mkt were in. Another fine day I must say.

To: Justa Werkenstiff who wrote (1459)	10/8/1998 5:16:00 PM
From: Justa Werkenstiff	Respond to of 15132

Market Summary The S & P and DOW pierced their benchmarks intraday on high volume with 1.18b shares traded as opposed to 915m and 1.2b on August 31 and September 1 but closed at DOW 7732 and S & P 959 above the closing benchmarks of S & P 957 and DOW 7539. The high volume was disturbing. Bulls can only hope they saw capitulation today but no guarantees. Notably, the DOW climbed back after being down 274 points and after Ralph came out and tried to time the bearish momentum with a further bearish call. That is the good news. Recall that Ralph's call previously caused a tank in the market. Not today. The NASDAQ was going down no matter what Ralph said. The NASDAQ was the bad news as has been noted previously. It continues to lead the market lower. Today we sliced right through the benchmark close of 1499 and closed at 1419 on high volume of 1.2b which is close to record volume. Again, the hope is that we saw capitulation today but this average is the weakest of the three. The NASDAQ is always more volatile than the averages and there are some big gains to be lock in here still. We had more lows today as well on the NASDAQ as compared with August 31 or September 1. It would be great to see less selling on lower volume and more buying on higher volume days.