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To: donald sew who wrote (45702)	6/12/1998 6:37:00 PM
From: Nancy	Read Replies (1) \| Respond to of 58727

don, one thing though, S&P didn't breach important support and on each sell-off, it held a higher low, as the opposite of the Dow. I couldn't quite figure out this part - SPX represent a broader market so the fact it didn't dip to lower low seems to suggest the broader market is still resillient, on the other hand, the new high/new low ratio is horrible - I believe we have not seen new low at 200 region the entire 1998. triple witching couple with quarter end window dressing is really interesting.