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To: donald sew who wrote (43151)	5/13/1998 4:16:00 PM
From: Nemer	Respond to of 58727

Hey Don: My mid term (several weeks) indicator is showing an impending flux and unsettled situation for the period from yesterday to 8 or 9 days out --- or at least that is my interpretation . The time frame of plus or minus 2 days from May 20 should show us something....... Regards --- Nemer

To: donald sew who wrote (43151)	5/13/1998 4:19:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 58727

Don, I see the past peaks (of SPX) as 4/25, 5/4, 5/11, 5/13. I am expecting something of a downturn early tomorrow. There is a lot of nervousness due to news. Asia is imploding however the effect on US seems muted and labor costs are starting to really get some traction and take off. AG has had the obligatory visit with the Pres. before a rate hike. I am being very careful over the next several days and confining my activity to very short term trades since the peaks and troughs appear to be a day or two apart at most. I think you will see a big move one way or the other if a clear indication of interest rate direction becomes apparent. PPI tomorrow AM may or may not provide that insight. Dave