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To: Voltaire who wrote (84589)	12/10/1998 10:22:00 AM
From: Jerry Miller	Respond to of 176387

so, the battle lines have now been drawn. one of you will be wrong. this should be good.

To: Voltaire who wrote (84589)	12/10/1998 10:23:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 176387

Mr V don;t know about any MM's...don't care...it printed 69...that was good for me....now we'll see, market willing......

To: Voltaire who wrote (84589)	12/10/1998 10:26:00 AM
From: Lee	Read Replies (1) \| Respond to of 176387

Morning Voltaire,..Re:.MM's said buy at 44. TA boys say now buy at $70. This is the big question I have regarding exclusive use of TA. Often, a clear buy signal occurs after a significant run-up. I can't reconcile this with buying on the obvious panic sell-offs when price action has been stretched beyond any reasonable level. Or selling when price appreciation has way overshot reasonable levels. Now if you ask me to define reasonable levels, I can't. But (intuitively), a reasonable level occurs within the context of the industry price action and within the context of the appropriate index, i.e. NDX. Regards, Lee