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To: Crimson Ghost who wrote (45477)	5/26/1999 11:02:00 AM
From: Ken Robbins	Respond to of 95453

DOW now rebounding, OSX up strongly also. 10:58 <eom>

To: Crimson Ghost who wrote (45477)	5/26/1999 11:05:00 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 95453

Any Kamikaze traders buying Internet stocks today? (heh-heh-heh!!) I still wouldn't touch those stocks with a ten foot pole at their current prices. Those high flying Internet mutual funds look like they are going to do a "crash and burn" this quarter.

To: Crimson Ghost who wrote (45477)	5/26/1999 11:17:00 AM
From: BigBull	Read Replies (2) \| Respond to of 95453

George, if it's any comfort to you, the OEX volume in puts is now running over 4 to 1 puts to calls for June near the money contracts. this is pretty bullish for the near term, as it indicates that many expect the stock market to just fall to pieces here. I'm not saying the market go straight up from here, just that we should get a good bounce sometime in the near future. The world wide indicies have been in a corrective mode for the last three weeks but are now coming into some strong technical support areas were I believe they will hold and make a bottom for the next major advance. To me this is all very healthy and necessary for the worldwide bull to continue. IMO we should have a real good summer rally starting some time in late to middle June. JMVVHO If the Saudi's make good on their call for 18 - 20 BRENT by the end of June the OSX should do VERY well. At this point, I say, one has to give them the benefit of the doubt, considering that they have engineered the recent rise in oil prices and fought off the currency speculators. This was not an easy thing to do. What do you think the Saudi's plan to do at this point to get that oil price up? Target all new cuts at Europe, and US?

To: Crimson Ghost who wrote (45477)	5/26/1999 3:41:00 PM
From: BigBull	Respond to of 95453

George, the DJU chart I'm posting here is very bullish for further overall stock market gains. This chart says Wollenchuk will be right. quote.yahoo.com^DJU&d=1y IMO this is one of the best leading indicators around for future stock prices. I must say, I am quite surprised it is doing so well considering the recent rise in oil prices. To me this index is saying the overall market is not in as bad a shape as many think. We are however seeing some wicked rotations, mainly out of techs. I wonder where that money will go? JMVVHO Bull