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To: JBL who wrote (24369)	11/3/1998 10:38:00 PM
From: OtherChap	Read Replies (1) \| Respond to of 164684

I think market historians will look back and point to KTEL's repeat performance as the ultimate double-top indicator. Anyone who thinks irrational exhuburance is a thing of the past, needs to only look at the internet stocks and KTEL. Jerry Favors is still predicting Friday as the day of the steep decline, i believe. Last time he was on CNBC he seemed absolutely confident with his chart predictions- and he has called the last two or three months almost exactly.. With the asian markets rocketing tonight, the blowoff is near. Anyone still holding november puts should wait until at least monday before rolling into decembers- remember we've got 17 days for this pig to start bleeding. You can buy 95 nov's for around 60 cents. Could easily go to 5 or 6 if we have a couple of down 12 point days.. we just had a 4 7/8 down today!