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To: Nemer who wrote (27735)	11/3/1997 9:18:00 AM
From: Tom Trader	Read Replies (3) \| Respond to of 58727

Hi Nemer, Kevin, Don, Brad and other index players I will need to be gone all day to take care of other business Huge gap openings such as the one that we are going to have today will rarely hold. If other indicators support going short, I think that from a day trading stand-point, shorting the market on any weakness after the market opens should work out. It should not take too much of a turn to the negative to produce a sell signal on the S&P futures today Have a good day everyone

To: Nemer who wrote (27735)	11/3/1997 2:12:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

Nemer, Not that I like to make subjective comments, but the market overall is not acting normal on an intraday basis. It is now almost 2PM and there really has not been any real downturns during the day, except the movement from up 170 points down to 150 points. Also I have noticed that this strong movement up intraday was performed without strong volume as we saw over the past few days, but it is normal volume. Could one suspect that the big players are really not participating, since they still feel that there will be a strong pull-back down to the 7000 range, although I would suspect that they would now increase the bottom somewhat. As I indicated in my earlier note the 7600-7700 range will be considered in the overbought range per my normal short-term technicals. That should not be that strange since the market has already rebounded some 600+ points from the lows. Would feel that any pullback will be a normal one with the bottom around 7300-7400 range, although I more incline to say 7400. I am not saying that it will get that low, just that 7400 should be the bottom. Now subjectively, I would believe that this runup is frustrating many of the big boys since they did not have the chance to get in. The market will pull back sooner or later, but in line with normal technicals. Now, what happens if they accept the fact that they lost their chance and now have no choice but to get in - that may spike the market up substantially more. Just an opinion, which is not supported by my technicals. For my IRA I bought ATML stock at 27. Seeya