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To: The Jedi who wrote (27175)	10/28/1997 7:14:00 AM
From: Patrick Slevin	Respond to of 58727

That's part of the logic, though not nearly all, for the 5215 number. Originally, he thought it would happen very fast, there would be a panic and it would be over. But then you hear/read; "small blip on the screen" "..money in 401Ks will be there for 30 years" "higher by the end of the year" and various other stuff. Me, I think it's a slow, 3 month selloff. On the other hand, he calls for far lower prices by the end of the week. Not the 5215, but astonishingly lower.

To: The Jedi who wrote (27175)	10/28/1997 7:52:00 AM
From: donald sew	Read Replies (3) \| Respond to of 58727

INDEX UPDATE -------------------------- Needless to say, my technical analysis system is simply of no use now. Here are some of the next support lines. I am not saying that it get to the lowest support line or not, but it would be logical to say that if the downtrend continues, as one support line is broken the next target for support should be the next support line: 6800-6900 6600 6400-6450 6250 6000 I do not have the data to list support lines below 6000, and subjectively I do not believe that it will get that low. The US bond market is doing well with the flight to safety, and since the problems with the Asian markets will not be resolved that quickly, feel that the interest rates should not rise and could even drop further. Such is a good environment for stocks. Well, I guess many are waiting for Greenspan to help sooth the market This is purely a guess and not based on any technicals - feel that the support line in the 6800-6900 range will hold at the close, if not higher. Good luck all