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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mark Nelson who wrote (12937)	1/10/1998 3:53:00 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 18056

Masrk and Tek, I am afraid, I am a bigger bear that you two guys are, I actually see a very bad big bear early next week. The fact that we got a smidgen of short covering toward the close Friday (aparently just the two of you) and closed below, what I considered a very critical level (7600 on the dow) is ominous. If the last move from 7100 to about 8100 intraday was a bull move than this would have been the end of a 50% retracement, but if you indeed believe that we ar in a bear market, than the late October low will be breached and the break of 7600 would indicate continuation is in the cards. Zeev