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To: Heg Heg who wrote (27763)	11/4/1997 8:38:00 AM
From: donald sew	Respond to of 58727

Heg, I hope I did not write what I did not mean, which I have been doing lately. The market right now per my short-term technicals are overbought not oversold. The short-term technicals are now near their maximum levels, but that does not mean that the market cannot continue to move up, it just tells me that I have to switch over to/revert to my mid-term technicals to determine further moves which may or may not concur with the short-term technicals If I just use my short-term technicals, then we should start pulling back soon as soon as today. This pull-back would be technically normal in nature, unless of course there is fundamental changes such as bad news. A technically normal pullback now per my calculations should be a MAXIMUM OF no greater than 150 points in the DOW. That is not to say that I believe it will drop that low, just that such would be the bottom, if things got somewhat bad. My MID-TERM ANALYSIS is now stating that the correction is over and that for the longer term the under-writing trend is to the upside. The futures are down right now before the open; therefore I believe that my short-term technicals were correct that we are in the overbought region. The key is that my technicals are anticipating the market normally, it was giving very irratic readings during the big drop. HEG, normally I make my predictions on the closing technicals; although I am able to calculate on a intraday basis most of the technicals. However when I do it on a intraday basis I have to physically make the calculations myself which takes alot of time. Right now I do not have a real time system. Yes, I re-evaluate the technicals on a daily basis at night-time and they are for the next few days (short-term analysis). Seeya