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To: bill meehan who wrote (32260)	4/9/1999 10:32:00 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 86076

Never been to the DERBY? The history, the pageantry, the drunk rednecks ralphing in the infield. <g> If that money Fleck's talking about is U.S. money fleeing the country, I suspect we will see the dollar tumble. And we know what that means... Got gold? <g> Those crazy Brits think a World War could start or something- news.bbc.co.uk

To: bill meehan who wrote (32260)	4/9/1999 11:07:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 86076

New PEI for you........ If April 8th proves to be a significant turning point or a directional change (breakout to another leg up) will depend upon the fate of the dollar in combination with the desire to buy bonds or equities, which could be affected by a change in global geopolitical conditions involving Russia. The volume is also a key factor. Volume in 1929 tended to peak several weeks BEFORE the high as has been the case at most major turning points. The markets do NOT reach a major high with simultaneous record new buying. Everyone that is thinking about buying has more often than not already bought. As the number of NEW buyers begins to decline - so does the volume! The decline in volume and the net capital inflows into mutual funds are both warning that something is not quite right. Volume for the current rally reached its peak during the second week of March and it too has been gradually declining despite marginal new highs. Our models show that THIS week could prove to be an important high, but the volatility begins to appear NEXT week - NOT THIS WEEK! As Helen said to the Trojans - "Beware Greeks baring gifts," we too must beware the STRONG opening. A strong open for Friday or even Monday may leave April 8th as the highest close or could even leave this week as the highest weekly close. This target date of April 8th can still shape up to be a directional change (beginning of a breakout) rather than a major high. In order for a directional change to develop we must see a SURGE of new buying next week that restores VOLUME and the breadth. Lacking a white knight, this week will shape up to be at least a temporary high and could prove to be something more important in the broader scope of financial chaos. In any event, the likelihood of this rally moving beyond 1999 without a major correction appears as a very dim glow on the horizon. Nonetheless, the likelihood of scoring NEW record highs in the future appears very strong for 2003 and 2007. This warns that while a serious correction is in the wings, this ain't no Great Depression. pei-intl.com

To: bill meehan who wrote (32260)	4/10/1999 10:18:00 AM
From: accountclosed	Read Replies (1) \| Respond to of 86076

1. Big Companies Will Still Lead 2. Big companies have led the market higher for almost five years. 3. Professional investors see no end to the trend. 4. ''We buy high and sell higher,'' said President Buck Newsome, whose firm oversees $350 million. ''These trends will continue for quite a while.'' 5. They're also the most ''liquid,'' meaning investors can easily trade in and out of them without disrupting the prices. 6. Everything seems to be going right for stocks. 7. And the news keeps getting better. 8. ''Reasonably priced stocks are easier to find,'' 9. Meanwhile, investors are finding opportunities within the small-stock group. quote.bloomberg.com