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To: ratan lal who wrote (47042)	6/29/1998 2:32:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Ratan, My position really has not changed much. Last week I had indicated that the strong resistance line would be around 9075 for this specific short-term up swing, and for now I am still sticking to it. I did indicate that we could see down movement into Mon, then up TUE/WED. Also keep in mind that my analysis is more based on time than price. What I am saying is that the market should top out WED/THU and once the pullback starts the initial drop will be strong in the 100-200 range over the period of 1-2 days. that would be the beginning of the pullback with the support at 8500-8550. Please keep in mind that such analysis is based on weakening market internals. If they dont weaken then its higher highs. Hope I clarified it