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To: Patrick Slevin who wrote (41141)	4/24/1998 7:46:00 AM
From: donald sew	Respond to of 58727

Patrick, Thanks, I was not sure of the definition of a blow-off top then. I am still not seeing a major selloff on a technical basis, unless of course it gets help from a huge jump in interest rates to the 6.15-6.2% range within a few days. Otherwise I still consider this pullback as being technical in nature. The bigger pullback could happen within the next few cycles, but too early to tell now. The Key is the interest rates I think. Seeya

To: Patrick Slevin who wrote (41141)	4/24/1998 8:28:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

Patrick or anyone, OK - you can shoot me. I lost my data again on the NEW HIGH and NEW LOWs for the NYSE and NAZ. I am missing the data from 4/10 onwards. PLEASE HELP. thanks.

To: Patrick Slevin who wrote (41141)	4/24/1998 8:43:00 AM
From: jjs_ynot	Read Replies (1) \| Respond to of 58727

OT Do you ever sleep? What software do you use for stop and other calculations?

To: Patrick Slevin who wrote (41141)	4/24/1998 11:07:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 58727

I consider "blow off" tops to be 100% sentiment driven, not liquidity driven. Prices are bid up in what amounts to a buying frenzy by the public monies. Actually the funds would be selling into this technical event. There definitely is positive sentiment by both the speculators and the funds who are driving the market. But we will not know the impact of the speculative element until liquidity dries up. Despite the positive sentiment by the public speculator, the major driving force of the current market is the funds through the liquidity they are providing. Still, the inflow of fund money may set the stage for further impressive gains generated by positive public sentiment. Bob Graham