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To: Feraldo who wrote (1400)	11/21/1998 7:04:00 PM
From: JRobinson	Read Replies (1) \| Respond to of 3541

>>I'd like to say to the person I had the RS argument with, we didn't make a promising new high. Did the stock's momentum stop? Yes it did. My point was that we needed a stonger RS line to move forward and we did not get that<< I didn't realize we were having an argument. I do think you are making two independent observations and coming up with an unclear conclusion: that the RS line predicted that the earnings were going to disappoint (some people anyway). If you believe that, fine, I can respect that. If you have noticed that phenomena before, then you have given us useful information for the future. But let me ask you this: do you believe the RS line would not be higher yet, if earnings would have been a blowout? My contention is that momentum stopped because of earnings and the RS fell as a result. Not the opposite. I'm not ignoring the fact that you made a good call and alerted the board not to be too exuberant. That was good info.