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To: donald sew who wrote (34321)	1/28/1998 12:33:00 PM
From: George Mc Geary	Read Replies (2) \| Respond to of 58727

Donald, looks as of now we are headed back up on the DOW now up 32. <Technically there appears to be 1-3 more up days, starting with today and could last till Friday, before the overall market gets back to the overbought region with quite a few indexes in the CLASS 1 SELL status. The upside for this specific short-term cycle (1-3 days) is 7950 for the DOW, 1050 for the NDX, 1610 for the NAZ, 985 for the SPX. I am not saying that it will get that high, just that if it does, it would be a clear indication that the top of this specific short-term cycle has been reached.> Since the NDX is at 1057, the NAZ is at 1601 and the SPX is at 974 would you feel we are approaching overbot and the DOW will still apply pressure on the NDX and NAZ? George