Richard Ney and the Wall Street Gang Message Board

To: m-top who wrote (316)

6/17/1998 1:08:00 PM

From: LG

John, your post was close to 1pm EDT. So, it is after lunch there.

I will not discount the possibility that the market as measured by the DOW will not dip down to the 200 day SMA. A dip may well be used to accent the final bottom. Scaring some investors out, so the S/MM's can buy, with the obvious intention to move the market back up to sell those newly acquired shares back, at higher prices of course.

The Dow's 200 SMA was 8288.59, based on Tuesday's close.

Regards,
LG

EDIT: Sorry bout the run on sentence!