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To: Dragon 1 who wrote (8715)	1/19/1998 12:08:00 AM
From: donald sew	Respond to of 95453

Xia Qiu, During the strong uptrends last year, I noticed that the DOW when it was in the overbought region still was able to move up another 100-150 points. However, since the downtrend started in late Sept, it change and once the DOW got into the overbought region, it would only move up maybe another 50-75 points before heading back down and in some cases it reversed downwards immediately. Now for the OSX, this sector is now one of the strongest on a technical basis, so it is hard to say if the movement while in the overbought region will be limited as much as the DOW has been on a relative basis. Additionally, my TA system really does not work on support lines/resistance lines, as most TA systems do and rarely do I give targets. I normally talk in terms of days, such as my CLASS 1 BUYS. If the OSX continues up for 1-2 days, it will become a CLASS 1 Sell, but am reluctantly to give a downside target. Seeya