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To: HairBall who wrote (50200)	8/18/1998 11:38:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

LG, I have the 50 day EMA at about 8845, so I rounded it off. 8850 was a fairly strong support line in April. 8850 was also the high on 8/4 the day of the the 300 point decline recently. And subjectively it is also the halfway point of the overall pullback of 1100 points. 8850 is more of an approximation rather than a exact point, say give or take 25-50 points. Also per the system I use which is non-conventional, 8850 was mathematically derived by slope projections in relation to time. Please dont ask me to explain it. gggggggggg My short-term technicals which is made up of about 10 different indicators, 2 of which I developed myself is giving me a reading that is close to 100 which is a CLASS 1 sell. The only problem I have with this SELL signal is that the DMI and the VIX is not in the best position. Please also understand that my parameters are set differently than the common usage. I still think it can work, but am concluding that it should not be that strong of a pullback. Seeya