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To: ViperChick Secret Agent 006.9 who wrote (55858)	10/20/1998 11:23:00 AM
From: donald sew	Read Replies (4) \| Respond to of 58727

Lisa, >>>>>>>>>> Look at the Transports...if they get into "breakout" mode.. then you know what tends to follow the transports <<<<<<<<< I agree. Did you see my note to JAIME on the P/E of the S&P. Is the market creating a bigger bubble than when the market was at their all time highs. We do have to keep perspective that there is artifical influence in our market with the FED decreasing rates. Once they stop, whenever that is, can the market hold up themselves. If earnings continue to decline when the FEDs stop decreasing rates, and we are at historical high S&P P/E levels, or higher - unfortunately I see disaster, not just a pullback. Any comments. Seeya