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To: dennis michael patterson who wrote (51302)	9/1/1998 6:53:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Dennis, There will be a pop to the upside in the morning, and it could be strong in light of possible short-covering, but it should not last. I am still sticking with my SEPT 3RD TOP/REVERSAL TO DOWNSIDE. Seeya

To: dennis michael patterson who wrote (51302)	9/1/1998 8:02:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE ---------------------- Should see a rebound of 200-400 points over the next few days with strong resistance at 8000 range. Short-covering will help boost this short-term rally, but it wont last. The TOP of this short-term rally should arrive near SEPT, lets say THUR/FRI and selling to resume and could intensify. I still feel that the bottom of the following downswing will arrive around SEPT 16, and it should be around the 6500 range. Thereafter, there should be a strong rally that could bring the market back to/near the 8000 range. Technically, the bottom of this pullback could ultimately be in the 5000 range if this does turn into an extended BEAR MARKET which lasts for 1-3 years. I am not a perma bear, but just trying my best to read the technical tea leaves. Again, I am hoping that I am wrong and have been reluctant to state these levels. Please understand if we do get to these low levels, there is still alot of confirmation required. Seeya