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To: Elwood P. Dowd who wrote (53121)	3/12/1999 4:56:00 PM
From: Captain Jack	Respond to of 97611

EL--- charts are nicer than looking at the daily portfolio balance...

To: Elwood P. Dowd who wrote (53121)	3/12/1999 4:56:00 PM
From: Night Writer	Read Replies (2) \| Respond to of 97611

El, Remember the roller coaster ride to the low 20s? It didn't last long. This one seems longer. Maybe because we started higher. Maybe the ride up will be faster because we have already been there. Last time I had a feel for the bottom. (I was off by $2 at $25.) I not getting a feeling for this bottom yet. Maybe because I didn't this train wreck coming. Last night on NBR a ML analyst stated that we were approaching a bear something because the leaders (tech sector) are down. The rally is narrow with oils and financial stocks. He seemed to think a correction is coming because stocks are over priced. Of course ML has not been one of the more optomistic houses lately. The DOW is too high. When it corrects, we are going back up big time is my guess.