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To: donald sew who wrote (31525)	12/18/1997 2:25:00 PM
From: mozek	Read Replies (1) \| Respond to of 58727

Donald, I'm in XOI calls as of 451 today. We're now below where you had indicated stops at 448. Do you still consider it a class 1 buy, or has it broken down per your technicals? Thanks, Mike

To: donald sew who wrote (31525)	12/18/1997 2:27:00 PM
From: The Perfect Hedge	Respond to of 58727

Donald- Thanks for the updates.You're the man.GD

To: donald sew who wrote (31525)	12/18/1997 2:32:00 PM
From: kiwi	Read Replies (1) \| Respond to of 58727

Hi Don thanks for all of your great info. I could not help but notice that the low on spx on the 12th was 947.00. Today the reststance #3 using Kevin's S&R numbers is 947.93. currently at 950. What a "coincidence" it's so close to the recent low. holding above that would confirm your dip theory how ever severe that dip may be. take care kiwi

To: donald sew who wrote (31525)	12/19/1997 3:09:00 AM
From: mozek	Read Replies (1) \| Respond to of 58727

Donald, Looks to me that XOI has further to drop, but if you look at 3-5 year data on the index, it seems to be making a major test of the 200 EMA. You could say that since it's pierced and bounced off of it from below that it's failed, but in all cases over the past 3 years when the 200 EMA has turned down, we've pierced it, then had a strong rebound. If it bounces here and acts anything like it has in the past 3 years, it seems like it could move up sharply. On the other hand, short term analysis seems to indicate a move down tomorrow. Stochastics headed down, but not extremely oversold, unhealthy looking candlesticks, and futures indicating a negative open. Please, anyone reading this, understand that I'm only learning, and take this as pure speculation. I just looked at Japan down over 5% at 15,328, and I have to add to my post. STRONGLY negative open tomorrow. Thanks, Mike