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To: JB who wrote (26772)	12/31/1998 4:34:00 PM
From: Tim McGee	Read Replies (1) \| Respond to of 45548

Volume low in the last couple of downward moves. So the picture hasn't really changed much. Still some momentum left to build here. We can consider this week consolidation from earnings run. I'm kicking myself for buying Jan50s too earlier. $2 difference is a lot of money. We'll make it back to 48 next week IMO. Tim

To: JB who wrote (26772)	12/31/1998 4:52:00 PM
From: Michael Ohlendorf	Read Replies (1) \| Respond to of 45548

Yes lets hope for a strong January start. The last December days however suggest more that techs will further consolidate. Lets hope they do not drop further. There is still the danger of the Internet bubble. When it finally bursts this will definitely put pressure on the techs. Also there is the EURO uncertainty here in Europe. Everybody expects a January rally. Well when everybody expects it it most likely does not happen. Maybe the EURO will also bring the $ further down.