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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: donald sew who wrote (5227)	10/2/1998 9:10:00 PM
From: BILL G. WRIGHT	of 44573

Donald: I agree that any bounce will not last very long. The upward bounce today was in the Dow Jones and S&P type stocks. Nasdaq did not participate very much in the bounce. Nasdaq declines exceeded advancers by about 200. I believe the up move in the larger cap stocks was due mostly by short sellers taking good profits, versus holding positions over the week-end. Any moves up will represent good short opportunities . With many more pre-announced poor third quarter earnings reports coming out we are not likely to have a very substantial up move in this stock market.

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