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To: j g cordes who wrote (27704)	11/3/1997 12:56:00 AM
From: Heg Heg	Respond to of 58727

>> reminds me of the old problem about...<< if only the stock market would be that easy to solve/predict as this problem. Heg

To: j g cordes who wrote (27704)	11/3/1997 7:54:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ------------------------ Early this morning there was another strong signal that the market technicals per my system is returning to normal, besides the fact that the overseas markets are doing well. I have just raised my bottom for the market to 7300-7400. According to my short-term technicals, I have calculated per my GUITAR analysis that the market short-term technicals will reach overbought range at approximately 7600-7700. This does not mean that it cant go higher, just that my short-term technicals are at their highs(overbought range) and then I need to revert to my mid-term analysis to determine further movement. If the DOW crosses the 7600-7700 range it will be obvious that the probability of retracement to 7000 will be extremely minimal. If we can close above last Tuesdays highs (7500 range) in the next few days if not today, then that will be another signal that we will back to normal technicals. I have decided that I will start to purchase a small amount of index calls today on any intraday dip, since the market will probably run up at the open since the futures are up. To play it safe I may be looking at DJX DEC calls. I am leaning towards DEC calls on the DJX not just for safety but also to take advantage of a possible strong move up in the market thru December. Happy trading all