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To: Heg Heg who wrote (34449)	1/29/1998 5:29:00 PM
From: donald sew	Respond to of 58727

Heg, If you go back to my previous notes about a week ago, I had noticed that lows were getting higher, but it needed confirmation with higher highs to indicate uptrend. At that time I raised my trading range to 7550-8100 from 7350-7850. Well the SPX, being probably the best indicator of the overall market, by setting a new high is giving some confirmation of an uptrend for the longer term. For the short-term the market will still pullback but the next low should be higher than the previous low. If that happens, thats more confirmation of an uptrend. Seeya