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To: Burjis S. who wrote (12966)	10/28/1997 11:21:00 AM
From: IQBAL LATIF	Respond to of 50167

Techs had tested 275 a correction of over 30%, I think we should see more stability in SOX but banking and others I will unload in strenght.

To: Burjis S. who wrote (12966)	10/28/1997 11:30:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Burjis- In a collapse like this we need to watch for these rallies- I will safely assume that 7200 will be a support for atleast a week assuming we go above it today- a rally in afternoon- I think we should not have seen such a strong comesback in techs- and if it stays here for another 2 hours we will see redemption of International slowing for me SOX reversal is key for market to go forward- some sectors will be very slow until next earnings but if NEKKEI comes back up strongly and markets can gain 50% of losses in a week -we will have fewer problems.