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To: SE who wrote (14667)	2/3/1999 11:22:00 PM
From: Jay Baca	Respond to of 44573

I think it will test 1290 one more time, go down again to the 70's and then break through and trend up. The employment report isn't as important as it use to be, but Friday should be interesting. Comments? J

To: SE who wrote (14667)	2/4/1999 6:53:00 AM
From: GROUND ZERO™	Respond to of 44573

I think you just said it in a nutshell, the market is sick. This rally is a rally of the stocks in the indexes, that's why the indexes are rallying...the rest of the market is in a down trend or consolidating, who knows..... And, as you aptly pointed out last week, the indexes are heavily weighted towards those stocks that are doing well. Have you noticed that when a stock fails to perform, the stock is immediately replaced by another company that's doing better? This way, the indexes always look good.....the index is a portfolio itself well managed to look good...IMHO GZ