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To: donald sew who wrote (7863)	3/9/1999 7:05:00 PM
From: Challo Jeregy	Respond to of 99985

Hi Donald. I haven't been around today to enjoy the action, but a comment in regards to your comment "It didnt take too long for the NEW HIGHs to out number the NEW LOWs, and the DOW was only down 33". I assume that some time during the day the highs beat the lows, but it didn't stay that way. quote.yahoo.com Interesting to note is the higher volume. Thanks again for your index updates. As I was running out the door this am, I saw your update about how you didn't see the little rally lasting today. (Or, at least, that's what I thought you said <ggg>) Anyway, I had low-ball limit orders in. I quickly cancelled. I'd rather catch them on the way up than on the way down. BTW, the stocks never hit my orders anyway <G>. Challo

To: donald sew who wrote (7863)	3/9/1999 7:15:00 PM
From: Challo Jeregy	Respond to of 99985

Talk about mixed signals - Roanoke, Va.- Richmond Fed's Broaddus Sees No Sign U.S. Economy Decelerating biz.yahoo.com Markets got further encouragement after Fed Chairman Alan Greenspan, in a speech on business credit, called the U.S. economic expansion ''exemplary'' and emphasized the lack of inflation pressures. ''Growth of output has remained vigorous, unemployment is lower than it has been in nearly thirty years, and yet, despite the tautness in labor markets, there have been no obvious signs of emerging inflation pressures,'' he said. biz.yahoo.com

To: donald sew who wrote (7863)	3/9/1999 8:28:00 PM
From: StockOperator	Read Replies (2) \| Respond to of 99985

Don, Yes, I do think breadth will be better than we've seen so far. First of all many of the high tech stocks that lead this rally are still consolidating their gains. The transportation sector has been gradually moving higher as well (but has not broken out yet). The telecom stocks I pointed out earlier are just breaking into new highs. Bank stocks today (from what I hear) are doing well. So I do believe the overall numbers will improve. I don't know if you remember the interview with William O'Neill that was posted several weeks ago on this thread. Poor Breadth was one of the topics that he touched on. Basically saying that breadth can often be a lagging indicator. Especially after a bear market. Now I'm sure there are plenty of people that are going to raise issue on whether or not last summer's correction was a bear market. Which I'm sure can be discussed for a very long time. Tom McClellan some months ago said pretty much the same thing. So I think a healthy breakout would be one in which all the major indexes are moving in the same direction. All on the heals of expanding volume. But right now I'm watching how all these companies and indexes are handling the resistance there running into. And I do believe a forceful move through those levels is going to be necessary. Because 10,000 is only a couple of pts from our current levels. I honestly believe its a non-issue. Don these are only my opinions. Only the market knows. Keep up the good work. SO