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To: Heg Heg who wrote (31288)	12/15/1997 5:42:00 PM
From: donald sew	Respond to of 58727

Hi Heg, As indicated in the previous note to Tom, this TECHNICAL DELAYED DIP could happen as soon as tomorrow; however the chances are that it will take longer. It is rare for a technical delayed dip to occur the next day although it has happened. It normally occurs within a 10 day period, but closer to the 4-7 day period From the subjective, I would think that the psychology of the marktet is that during the first leg of a reversal after a strong down-draft, many are still cautious and nervous, and take the first opportunity to get out. This could be one of the reasons for such a dip. The only time so far that a reversal was not followed by a technical delayed dip was the correction in October. Within the past 1 1/2 years which I have been following the market, that was the first time it did not happen. If you recall, I had originally called for the TTD then, but changed my position after noticing technical signs that it would not retrace back to the 6900-7000 range. Seeya