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To: Steeny who wrote (20088)	6/4/1999 9:29:00 AM
From: Guardian	Read Replies (2) \| Respond to of 41369

steeny: What's your take on this ta from the internet stock report this morning: More on the minds of many is weather the correction will continue growing next week? I have no evidence to refute the potential Head and Shoulders Top in the NASDAQ Composite I discussed previously. The Left Shoulder was formed at 2598.81 on 04/21/99, the head is 2535.58 on 05/03/99 and the Right Shoulder is 2606.54 from 05/12/99. In technical analysis, if the market drops decisively below the neckline (2345.61 from 04/19/99), it will continue to fall below the neckline the distance between the Head and the Neck or 189.97. This will provide a MINIMUM target of NASDAQ 2155.64, a 17.6% correction. This is not a prediction of things to come, but certainly something to watch out for. Investors should keep in mind that it is almost impossible to time the Internet stocks and the potential rewards at this level may be much higher than the risks. I now expect the bottom within 6 weeks (the middle of July).

To: Steeny who wrote (20088)	6/4/1999 9:37:00 AM
From: Boplicity	Read Replies (3) \| Respond to of 41369

Steely, I agree we are in very confusing period in the market. I have pulled the remaining hair out of my head, trying to understand the direction. I have been investing for 20+ years, I'm not used to low vol. sell offs that go on and on. While I see others saying that we are nearer to the end then top, I can't agree. Sorry for dissing you, I had no right, everyone should be free to post what the want to post, as often as they want, as long the stay with in the TOS. G

To: Steeny who wrote (20088)	6/4/1999 11:34:00 AM
From: Tunica Albuginea	Respond to of 41369

( REVISED )Steeny, Re: Economy outlook.AOL prospects. I am now more optimistic than I was before. My take is that we must not forget that only a few months ago we were wondering if disinflation was going to be a problem. So I think we ( all ) need to step back and look at the broader picture and not get stuck with 100,000 jobs up or down. The big picture : The economy will slow down on it's own without help from the Fed. Reasons: 1) The Fed started printing money head over heels last Oct to bail the world economy out.But they slowed significantly since. That alone will inch interest rates up and slow the economy. 2)The big increase in CPI was oil last time. But now I don't think these oil prices will stick because Asia recovery " is frail " and Europe is going down. Ours is slowing since Fed is not pumping interest rates down. Oil index is reflecting this and is plateauing: Oil Index investor.msn.com 3)Unempolyment of 4.2% is the same as last year. And nobody knows that we can't go lower without inflation.( I think you can; especially if you start employing seniors by allowing them a bigger tax break so they can pay for the ever increasing costs of their pills ). 4) Wage increases are due to increases in productivity and thus are non inflationary. 5) However remember, the average hourly wages are still coming down !this may be the result of reducing welfare. Earnings are stronger-than-expected at 0.4%, and there are also upward revisions to previous months, which leave the year-over-year rate at 3.6 percent,the highest [over the past] few months but still way down compared to the fall of 1998," remarked Ian Shepherdson, chief U.S. economist at High Frequency Economics. cbs.marketwatch.com 6) The Internet will cut down inflation to levels we hardly ever imagined. As far as AOL is concerned I don't listen to MMeekers or HBlodgett. I think most folks on this thread have already made their minds up about the capabilities/potential of AOL.That's why I bought yesterday at 105 7/8. Message 9949582 As soon as Fidelity has bought back all the shares they bought and AOL is back to 140, they will announce their position and everybody will be scrambling to get in at 140,gg , still a good entry point considering that the 12 month target is ~ 210. Me, I like to squeeze as much juice as I can out of it so I am buying now, TA You said Very confusing job data #s. May jobs increased by only 11,000(much, much weaker than expected). However APril #s were revised up to much greater than we had expected at that time up to 343,000. Many traders are suspicious because it is not realistic to move from 343,000-11,000. There are fears that the next revision will take the # much higher. Unemployment rate fell to 4.2% as expected. Wages rose .4%(slightly stronger). Overall, a good # for a stock rally, but who knows?

To: Steeny who wrote (20088)	6/4/1999 11:53:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 41369

( REVISED, sorry )Steeny, Re: Economy outlook.AOL prospects. I am now more optimistic than I was before. My take is that we must not forget that only a few months ago we were wondering if disinflation was going to be a problem. So I think we ( all ) need to step back and look at the broader picture and not get stuck with 100,000 jobs up or down. The big picture : The economy will slow down on it's own without help from the Fed. Reasons: 1) The Fed started printing money head over heels last Oct to bail the world economy out.But they slowed significantly since. That alone will inch interest rates up and slow the economy. 2)The big increase in CPI was oil last time. But now I don't think these oil prices will stick because Asia recovery " is frail " and Europe is going down. Ours is slowing since Fed is not pumping interest rates down. Oil index is reflecting this and is plateauing: Oil Index investor.msn.com 3)Unempolyment of 4.2% is the same as last year. And nobody knows that we can't go lower without inflation.( I think you can; especially if you start employing seniors by allowing them a bigger tax break so they can pay for the ever increasing costs of their pills ). 4) Wage increases are due to increases in productivity and thus are non inflationary. 5) However remember, the average hourly wages are still coming down !this may be the result of reducing welfare: Earnings are stronger-than-expected at 0.4%, and there are also upward revisions to previous months, which leave the year-over-year rate at 3.6 percent,the highest [over the past] few months but still way down compared to the fall of 1998," remarked Ian Shepherdson, chief U.S. economist at High Frequency Economics. cbs.marketwatch.com. 6) The Internet will cut down inflation to levels we hardly ever imagined. As far as AOL is concerned I don't listen to MMeekers or HBlodgett. I think most folks on this thread have already made their minds up about the capabilities/potential of AOL.That's why I bought yesterday at 105 7/8. Message 9949582 As soon as Fidelity has bought back all the shares they bought and AOL is back to 140, they will announce their position and everybody will be scrambling to get in at 140,gg , still a good entry point considering that the 12 month target is ~ 210. Me, I like to squeeze as much juice as I can out of it so I am buying now, TA You said Very confusing job data #s. May jobs increased by only 11,000(much, much weaker than expected). However APril #s were revised up to much greater than we had expected at that time up to 343,000. Many traders are suspicious because it is not realistic to move from 343,000-11,000. There are fears that the next revision will take the # much higher. Unemployment rate fell to 4.2% as expected. Wages rose .4%(slightly stronger). Overall, a good # for a stock rally, but who knows?