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To: donald sew who wrote (50846)	8/27/1998 7:32:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Don; I got resistance ~8330; target ~8240; base ~8060 <>

To: donald sew who wrote (50846)	8/27/1998 7:33:00 AM
From: donald sew	Read Replies (2) \| Respond to of 58727

INDEX UPDATE ---------------------- Just wanted to add on to my previous index update. I feel that if there is no huge selloff today(intraday) and we close down more than 75 points, then the liklihood of this sell-off extending and intensifying is actually greater. I know - most would think the opposite. Besides my calculation, a significant selloff of grater than 75 points and less than 125 would prolong the agony, and there will not be a feeling of capitulation; therefore I concluded that the smaller the sell-off today, as long as it is greater than 75 points would be better for PUTS. Such could extend this sell-off into next MON-TUE and increase the chances of breaking 8300. Again, I know it is opposite to what most would feel. Seeya