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To: Galirayo who wrote (7878)	5/28/1998 12:57:00 AM
From: Vitas	Read Replies (1) \| Respond to of 9262

Hi Ray, the Midcap 400 is showing a sequential buy here. Any magic candle-abras that you see? The Nasdaq is on a sequential setup at 8 down. Thanks, Vitas ThomasDeMark Expert Indicator: TD REI = -25.22 and rising. TD Channel II high = 365.0000, low = 355.4180. Sequential Setup is at 9 down. The minimum conditions for a valid 'Nine Count' Setup Down have been satisfied. Expect the market to stabilize or to produce a short term reversal to the upside. However, unless the market is in a free fall or the larger trend is up, this reversal should be temporary and the decline should resume later. REI has crossed above the oversold threshold. This is normally bullish. However, because the indicator stayed in oversold territory for a few bars, expect any rally to be mild and for the prior decline to resume after REI approaches the zero level. Pay particular attention to the current status of the other indicators and to the Special Conditions Report for confirming evidence of either a resumption of the prior decline or for a failure of any further price weakness. The Close of this bar has exceeded the lower channel boundary. Once the market retreats back inside the lower band, expect prices to move up toward the upper channel. Note: When the Close of a bar is beyond the lower channel, the market can be in a run-away phase and price action can accelerate in the same direction. Use caution and wait for the Close to be within the channel to confirm a bottom. Also, consult the other indicators and the Special Conditions Report for confirming evidence of a possible bottom. ** Special Condition Report ** The relative position of all the indicators suggests a significant bottom is forming. Look for bullish price action within the next two bars to confirm this analysis.