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To: Judy who wrote (13916)	11/10/1997 4:54:00 PM
From: IQBAL LATIF	Respond to of 50167

Intc upgraded by AG Edwards- Intel CorpINTCA.G. EdwardsMaintain¯ Accumulate

To: Judy who wrote (13916)	11/10/1997 5:02:00 PM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

Judy- market is in search of leaders- look at the media and prospective stories of default nearly everyone is worried about 'massive defaults' from ASEA but the problem is that little do people realise that total ASIAN exposure of major US banks like Citi is less than 131 billion all of which is secured- they may loose some 100 million on devaluations but peanuts compare to 1.9 billion they racked last three quarter- every one is looking at stock exchanges all around where some of these stock exchanges has market cap of less then a medium size company on US- 10billion to 100 billion - now a 5% movement sends shivers down the financial markets and media little do they realise that 5% of 100 billion is not 5% of 9 trillion- when %ages occupy more coverage then volume then voltality is guaranteed- Nekkei futures and some good Asean news will help this market. I think a test of 910 is important if they have come so far they don't mind testing the resolve. This market is not at all focussing on earnings or growth it is now pre-occupied with meltdowns and as such until Nekkei or AG speaks of no such threat we may well be in for a quick test of 910 the first major support if this does not hold on closing basis I will see a concurrent test of 7200 and 887- lot will be decided tonight Nekkei can be important- Bovespa after gaining 4% lost most of it but closed up nearly 2%- that alongwith stability in Russia where major hedge funds are taking big positions can provide some solid buying.

To: Judy who wrote (13916)	11/11/1997 2:24:00 AM
From: Michael Rich	Read Replies (2) \| Respond to of 50167

Good evening, Judy. >> I shall look for declining volume as we approach previous lows. If we dip below previous lows, watch for very low volume compared to the previous fall. On each rebound, look for breadth and volume greater than the previous fall. Until we see this, the market will continue down. << Let me do some mumbo jumbo. Looking at indices and big-name tech stocks, we may see either double bottom reversal or double bottom breakout. The latter will bring some margin calls...not a pretty picture. Yet, new shorts may also get squeezed here. The way things are going, we will get to the technically oversold point when Fed meets on Wed. So I am leaning to a relief rally to form double bottom. Then let's hope HWP and AMAT bring some good news. Now let's go through some quality stocks technically: Stocks above or slightly below 50-day emas: ADBE, AMGN, ASYT, CA, CDG, CIEN, CSCO, CTEC, DD, DO, EMC, GE, GLX, HAL, IMNX, IOM, HAL, LOR, LU, MSFT, NE, NXTL, ORCL, PAIR, PFE, RIG SYMC, TRV, WLA ... those stocks should be good for a trade in a snap-back rally because I consider they are still technically intact. No surprise to see oil-related and drug co's, but also notice those software names in there. Stocks around 200emas....I like these stocks best because they give good mid-term returns if picked carefully. Money flow could help a great deal in distinguishing winners and potential DSTs: BAY, CAT, CCI, DD (emas are converging), HWP, NN, TLAB, ORCL (emas are converging), ORFR. Stocks between 50 and 200-day emas: flippers? DELL, TXN ... A long list of stocks deep under water (lower than 200ema). Won't hurt to have a few turtles: AMAT, APM, ATML, COMS, CPQ, CS, CYMI, EGLS, INTC, KLAC, KLIC, LRCX, LSI, MOT, RMBS, SUNW, QNTM, SEG, WDC, WFR. Some stocks could form double bottom if previous lows hold: AMAT, KLAC, KLIC, INTC, SUNW, MOT, LRCX. I left the market around the time it topped so the bearish side of me will take time to sink in. That may be the time to go long. TT, you listen? :)