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To: jjs_ynot who wrote (49003)	8/2/1998 12:29:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Dave, >>>>>There seems to be a little inconsistency with your short term indicators in the middle with a downward bias and yet you are predicting a pop and intermediate top on Mon/Tues. Perhaps you could explain.<<<<<<<<<<<< Good question. I did not state it clearly, but when I indicated that my buy in point would be in the 8925-8950 range, thats as high that i think we can go in this downswing. In other words I am only looking for an intraday pop of 40-60 points. 40-60 point intraday high is very possible at anytime for the DOW. Of course I could be wrong and the upswing is greater, and as I indicated earlier - initiating a position when the very short-term technicals are smack in the middle can be tricky; however I am going with the short-term downside bias and overall strong negativity in the market. I hope I explained it clearly. Seeya