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To: Heg Heg who wrote (28072)	11/9/1997 3:00:00 PM
From: Nemer	Respond to of 58727

Heg: My usage of the OEX are calcuated on a mainframe using a neural net composed by a partnership of me, ol dummy, and a programmer bud of mine, a nerd. Should the truth be known, neither of us is operating with a full deck....ggg The SPX is interpolated by usage of an eyeball chart which has an overlay of our OEX figs and is compiled daily. Regards---Nemer

To: Heg Heg who wrote (28072)	11/9/1997 7:05:00 PM
From: donald sew	Respond to of 58727

Heg, The short-term technicals are smack in the middle so the market can go either the way. The bias is to the downside. The probability per the technicals is showing only a slightly better chance of further drop than a reversal upwards, which I know is hard to believe since so many feel that the market will retrace back to 7000. Of course add on the news, such as SADDAM and other major issues to the technicals. I must comment again that subjectively the market did relatively well in light of all that bad news on Friday, and that was one of the worse days I have seen when it comes to news. I have seen 2 specific signals, although slight/medium strength signals, indicating reversal from here. Nevertheless, just the technicals, without considering news,etc, show a slightly higher pobability of further down. In light of the level of probability factor, I am leaning towards the opinion that the support line at 7510 will hold if 7575 does not, not considering the news at all. Seeya