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

To: robnhood who wrote (13172)	1/16/1998 9:22:00 AM
From: Syd Deem	Respond to of 18056

From CNNfn this morning: NEW YORK (CNNfn) - U.S. stocks may head into the three-day holiday weekend on an upbeat note as Wall Street was poised to open higher on Friday. The S&P 500 index for March delivery was up 7.6 points to 962.70 on the Globex trading system. Now, if those more experienced could give some inkling around 2:30 (eastern) as to how experiation was going and what it portends for Tuesday I might get a clue as to buying more BEARX today or waiting till Tuesday. Of course maybe someone could come up with a rational as to why I should get out of BEARX and quit trying to force the market.

To: robnhood who wrote (13172)	1/16/1998 9:31:00 AM
From: Syd Deem	Read Replies (1) \| Respond to of 18056

Oh oh: this does not look good for BEARX - From the Avid Trader site: "There has also been a sudden onslaught of truncated reversal patterns: new lows that at first appear to be on their way to the next targeted support, albeit without confirmation among technical indicators' action, and suddenly reverse higher to close above the previous two relative low closes. In any one or two situations the pattern may be one of the more reliable, but the sheer volume with which the Tech sector is producing these within days of each other suggests a sharp Tech and NASDAQ rally in the works. We are looking forward to finding out why."