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To: joe smith who wrote (37206)	3/24/1998 8:08:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

Joe, Last week I had called for a CLASS 1 SELL on the DOW and NAZ with the buy-in day as Friday at the high of the day. If all was normal the reversal should start the next trading day or earliest late afternoon on the buy-in day. The NAZ worked immediately, and actually was early. The DOW's retreat was right on time with the help of the OIL news which intensified the dip. I am not trying to pat myself on the back, but want to illustrate that the timing of my short-term signals are getting better which is hinting that the abnormal strength of this market is weakening. My signals are not working now as effectively as in the past since it is not producing the strong pullback, but as I have indicated several times in the past, my system is mainly predicated on time not price movement. I guess what I am saying is that since this is the first time since this rally started that my SELL signals were on time and not a day early, such is hinting that the overall market is getting back to some normality and will probably oscillate more frequently and with a bit more substance. The dips still won't be that big, but if one checks the charts the frequency is picking up. Right now my short-term technicals, for most of the indexes, are in the upper mid-range and just slightly below the overbought region. Normally it would take about 2 days for them to get back to the CLASS SELL territory(being this THU/FRI), if the market rebounds upwards from this point. So if the various indexes do not get back to the CLASS SELL territory by this THU/FRI, it will be another hint that we are getting back to normal trading. I hope I explained myself clearly since my system has the the different approach of time rather than price movement, and is not linear as the majority of the TA systems are. Seeya