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To: donald sew who wrote (27326)	10/28/1997 10:52:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ----------------------- Would like to make an observation on the technicals. Per pure numbers many do not realise that today's gain is actually much larger than most are aware of. The DOW was actually up 544 points(7.8%) and the NASDAQ was up 135. If one used the ratio of 5:1 to compare the DOW to the NASDAQ, the NASDAQ was up 675 DOW points. This is a massive technical event from an analytical viewpoint. Tied into other issues I mentioned in my earlier notes - this is not healthy and nowhere normal. Now making an subjective comment, I would have prefer that this rally would have come after Greenspans talk, not before. Please take caution Good night

To: donald sew who wrote (27326)	10/29/1997 9:17:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 58727

Good morning Don--re the markets Given that the markets tend to NOT do what the consensus is expecting; lets us see what everyone seems to be saying: First, that while we may see a retracement, it is unlikely that we will see the lows of yesterday. Second, that even if we see a retracement to yesterday's bottom, it should offer strong support. Based on the markets' tendency to prove most people wrong, I suspect your comments about your indicators showing an unhealthy market will manifest itself in some way to surprise most people. Final thought, spike bottoms and tops are generally made on markets that react to unexpected news--eg a presidential assassination, etc. I doubt that this decline qualifies as one of those news-driven events. As always, precedent does not have to be followed but it is something to keep in mind. Regards