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To: Jay Rommel who wrote (21455)10/13/1998 5:19:00 PM
From: Glenn D. Rudolph  Respond to of 164684
 

> I believe we willl be in a trading range for a while. I doubt we will go a lot lower.
Volume should remain light.

Why do you think that?


There is fear of the market now. The retail investor is not placing as much money in mutual funds. The retail investor that trades on their own, will sit on the sidelines. The Investment Banking business has dried up for a while and likely will remain soft. There are few domestic factors that will change this market. Many investors feel comfortable being in the amount of cash they have now and have the equity positions they have. No reason to change. That is why I believe light volume will be in order with little price movement.

Glenn