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To: Arik T.G. who wrote (13869)	11/10/1997 8:04:00 AM
From: Benny Freeman	Respond to of 50167

XCIT just mentioned on CNBC as the strongest in ad revenue of the search engines. See my xcit post. Should be good for a point or so.

To: Arik T.G. who wrote (13869)	11/10/1997 8:21:00 AM
From: IQBAL LATIF	Respond to of 50167

We are trading on intraday market trends- yesterday the entire SI was bearish to an extent that even our tech bull OJ became a bear last night- this time we will short but again at the right moment- let the shorts cover now and give us a run. KO and MCD and others can be shorted at an opportuner time- why not short APM? Techs show some promise.

To: Arik T.G. who wrote (13869)	11/10/1997 8:45:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Looks like a strong opening up 7 already S&P also Nasdaq showing some life up 9 I would consider that we are going to test 942 today- wait for 20 minutes and a long intraday trade may be great. Nekkei and Brazil will also be I am sure give positive undercurrents.

To: Arik T.G. who wrote (13869)	11/10/1997 6:26:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 50167

Arik/Judy; RE:"The trend of the market is down..." ...nice call. I felt that we had reached the apex of the after-panic bounce when GE made an Evening Star last Wednesday, followed by a Doji candlestick confirmation (see post 13651). Re-Test of panic low-support for most stocks is now inevitable. Ike is putting on a brave face for us here, but the fact remains: anyone holding bellwethers MSFT / INTC / AMAT / DELL / QNTM / CSCO since QTR-3 ending has been whacked. Although there are exceptions, the only thing in an UpTrend since then has been the bondz. The long-term trend is UP. The intermediate-term trend is DOWN. The short-term trend has been DOWN since last Wednesday. we are approaching critical support levels in most stocks. As you (Judy) said, about the "herd" - IMHO, the market is moving the stocks right now, rather than the other way around. This is (probably) a great buying opportunity: the sell-off and test of support is co-incident with the FED monetary policy announcement. I applaud Ike's courage, and encouragement during the last six weeks, but there comes a point when we have to look at the charts and say, "wow, the bellwethers are all in downtrends, and they're approaching critical supports". With the exception of intra-day trading, this is not the best place to go short (approaching perceived support). IMHO, the most constructive thing the thread here can do next is: (1) stop debating "Bulls" and "Bears"; and, (2) start identifying where the perceived intermediate-trend supports are on the bellwethers and on the indexes. AMAT appears to have perceived support around 30, for example. INTCW appears to have perceived support at 49~51, FWIW. -Steve