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To: Nemer who wrote (48162)	7/21/1998 11:50:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

cant wait for barney frank's harangement.... wonder if he can top his last performance that I heard...

To: Nemer who wrote (48162)	7/21/1998 12:04:00 PM
From: SE	Read Replies (1) \| Respond to of 58727

Nemer, By the points the BBx gave you I am assuming the direction is down. That disturbs me as I just went long at 88.80 and if Pat's banks can hold their own, will stick with the long....however, am beginning to get a touch nervous about it as it should have moved better than it has so far.... -Scott

To: Nemer who wrote (48162)	7/21/1998 12:07:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ------------------- Over the last few weeks I have been working on a new indicator to help determine intraday direction. At about 10:30 the intraday momentum changed to the upside bias. For example, in the early morning the upside bias had a reading, per my indicator of .52 while the downside bias reading was .8. The higher the number the greater the bias in that direction. But at about 10:30 the upside bias changed to .6 then to .8, while the downside bias dropped to .29 then .4. I still need to monitor this thru lunch, but for now it is saying that we should close off of our lows and could even end up in positive territory at or near the close. Seeya