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To: Nemer who wrote (27993)	11/7/1997 12:37:00 PM
From: Kevin	Read Replies (3) \| Respond to of 58727

Thanks for the analogy Nemer. Didn't realize Father Time was such a Wise Man :-) 6' 2" and 450? That's more than TWO of me!

To: Nemer who wrote (27993)	11/7/1997 4:44:00 PM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ---------------------------------- In light of all the bad news that hit the market today, the support lines I mentioned in my earlier notes of 7575 and 7510 held up on a closing basis. I try to keep the subjective out of my analysis but there was so much bad news and the market still did relatively well: 1) INCREASED TENSION IN IRAQ 2) SELL-OFF IN ASIA 3) SELL-OFF IN EUROPE 4) SELL-OFF IN LATIN AMERICA 5) 2 BAD ECONOMIC REPORTS 6) WDC ANNOUNCEMENT OF MISSING NUMBERS DRAMATICALLY 7) FAST TRACK BILL STALLING Did I miss anything??? Granted that I do not feel all of those mentioned are really viable, but nevertheless they were made apparent by the media. Before the open today I had my doubts that the support line I established at 7510 would hold, and actually the higher support line at 7575 held. Enough with the subjective. All my data is not yet updated, however I approximate that the SHORT-TERM technicals for the overall market is now in the mid-range with the obvious bias to the downside. Please keep in mind, as I stated many times before, that when the technicals are in the mid-range it can go either way easily, and the direction of the bias really does not mean that much. The upside potential, per the mid-term technicals, are still plentiful. In light of my technical analysis I am now getting mostly mixed signals as for the immediate (1-3 days) future; therefore I cannot pick the direction at this point. Anyone want to guess if the support lines of 7575 & 7510 will hold. I sure dont know right now. I just heard on CNBC that there were 12 sell programs and 11 buy programs. I can only assume from such that there are also many who are also not sure. Hope I get some response to my inquiry! Seeya all