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To: Tom Trader who wrote (31273)	12/15/1997 3:53:00 PM
From: Muizz M. Kheraj	Read Replies (2) \| Respond to of 58727

I agree with Donald here, but in relation to the NDX I think we see and try and break 1580 on the NDX (probably early Thursday), come back and test 1525 (around mid-next week) and then rally through ( around the beginning of the year) up and beyond this trading range that we've been in for the past few months. Muizz

To: Tom Trader who wrote (31273)	12/15/1997 4:04:00 PM
From: Sundar Rajan	Read Replies (1) \| Respond to of 58727

Tom - I took a small position in HWP towards the close 5 May 65 calls @5. If DOW/NDX move up HWP/IBM should do well, correct?

To: Tom Trader who wrote (31273)	12/15/1997 4:07:00 PM
From: donald sew	Respond to of 58727

Tom, Per historical patterns, when there is a substantial pullback, the reversal is not a smooth climb back up. What commonly happens is that the market moves up, then back down to where the reversal began, then it moves up again. Many call it a double bottom. These TECHNICAL DELAYED DIPS as I call them are just continuations/ part of the CLASS 1 reversals. They can be very quick as soon as the next day, but normally in very substantial pullbacks as we have seen in the NASDAQ now, it normally takes longer. On the next evidence of a topping signal is the near future, I will either sell my positions or sell calls in preparation for the TECHNICAL DELAYED DIP. Hope I explained it clearly Seeya