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To: ViperChick Secret Agent 006.9 who wrote (20830)	10/8/1998 12:28:00 PM
From: J.T.	Read Replies (1) \| Respond to of 50167

lisa, the downdraft is going to ACCELERATE so use any mini-rally today or tomorrow to raise cash or buy puts... JT

To: ViperChick Secret Agent 006.9 who wrote (20830)	10/8/1998 12:33:00 PM
From: James Strauss	Respond to of 50167

S&P Cash... Lisa: Since we've already broken below the Sept 1 intraday low, 920 on the S&P 500 Cash seems very likely... If we break below that, 850 seems the next likely test area... Abbey Joseph Cohen now sees a recession for 1999 with S&P earnings of $52.00... Using a normal market P/E multiple of 14 we get an S&P in the 728 area sometime in 1999... That translates into a Dow of about 5830 and a Nasdaq of about 1166... Jim