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To: Lizzie Tudor who wrote (50936)6/1/1999 2:22:00 PM
From: Les H  Respond to of 67261
 
I'm watching from the sidelines. Merrill's downside is in the mid-60s. I've been looking for the market to pull back to at least the 9650-9750 area by mid-to-late June and again by mid-July. I like Citigroup which splits 3-for-2 today but I'll wait. Most of the large caps, except techs, don't usually sell off hard till late in a correction. There are a number of other stocks in the banks, WFC, ONE, etc., but I still think 10-20% lower prices will come soon.


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