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To: donald sew who wrote (26752)	10/23/1997 3:34:00 PM
From: Paxb2u	Respond to of 58727

Don, Just wanted to take a second to let you know how much I appreciate your insights. Have a good evening, Peter :o)

To: donald sew who wrote (26752)	10/23/1997 3:46:00 PM
From: Tom Trader	Read Replies (2) \| Respond to of 58727

Don--I think we have a mixed picture as to the outlook for the market in the immediate future, though the longer term trend is still up: I am not sure that interest rates will be the determinant for the immediate market direction--otherwise today the market would have been up strongly today. The over-flow of the impact of the decline in the Asian/European markets must have some influence on the US equities. If you are right that we have seen the lows in the HK and MAS markets then I am sure that we'll see the US equities rally. I agree with you re the probability that Greenspan will not raise rates given the turmoil in the markets. Technically I am concerned about the lack of follow through on rallies and unless this is resolved soon, I suspect that the markets will decline further. Do you see the Class 1 buys on the Asian markets as being indicative of a final bottom or the basis for a rally before another decline? I am trying to understand the nature of the signal that your system generates.