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To: Nemer who wrote (49630)	8/10/1998 4:07:00 PM
From: George Mc Geary	Read Replies (1) \| Respond to of 58727

Nemer, Have missed you on some very volatile days here recently. We did close above your 1082 SPX at 1083. Not much but above. Maybe tomorrow we will see it above 1100 (I hope). <g>

To: Nemer who wrote (49630)	8/10/1998 4:12:00 PM
From: donald sew	Respond to of 58727

Nemer, If one listens to the media it sounds like today was a bad day. On a technical/mathematical basis the DOW closed basically flat, which I consider to be in the plus or minus 30 point range. Mathematically, a 30 point decline in the DOW is at the same ratio as 18 cents to a $50.00 stock. Many will not realise that the market had 3 days in a row up, so a breather day like today is not out of line. I realise that many bulls are expecting a "V" shape rebound, but that is quite unlikely. The strongest probability is a retest first. My charts are not yet updated, but the overall market is basicly in the middle of my short-term technicals, so as I have said before it can go in either direction from here. I feel we have 1-2 days of upside pressure and then the retest to begin. Seeya