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To: Lee Lichterman III who wrote (55715)	10/17/1998 12:29:00 PM
From: HairBall	Respond to of 58727

L3: What do you make of the huge volume yesterday? Over a billion shares traded on the NYSE. Was this money coming in or funds getting the heck out while prices were up I doubt it was Mutual Funds timing the market to get out! I suspect most likely inflows and outflows of money to a given Fund would dictate a expansion or contraction of exposure to the Market more than timing. (Of course, I am not talking about exposure to individual stocks.) In my opinion volume (time/sales data) must be examined on an intra day basis, to make any analysis meaningful! And, I have not spent the time this weekend to do that. My analysis (as are most my indicators) of the Advance/Decline data is not traditional. But then, I don't have to worry about my signals being used against me. I know lisa, plug in one of your paranoid references here. My co-joined at the hip paranoid twin! <g> BWDIK Regards, LG

To: Lee Lichterman III who wrote (55715)	10/18/1998 12:43:00 AM
From: epicure	Read Replies (1) \| Respond to of 58727

I think the rut looks excellent and the small stocks I watch actually seem to be outperforming the big guys. This would make sense since the rut bounced off 1996 support and represents a much greater value than the dow, for example- which only hit 97 levels. On a longer term chart the rut has a very bullish hammer and morning star formation (4 day chart). I think 350 on the rut would be easy, and I think 374 is more likely- of course I play day by day but as yet see nothing alarming. That said i don't like to be unprepared so I looked around for things to put and found some overvalued (I hope) stocks like SLE and KO to buy puts on- although I may be early on the KO. I also like stocks like BUD and HNZ and CPB for puts, but haven't put any money down on those yet.