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To: donald sew who wrote (53179)	9/18/1998 8:30:00 AM
From: BILL G. WRIGHT	Respond to of 58727

Donald: I am new to following this thread, but already find it informative and interesting. I would make one suggestion in way of a question. Since this type thread would appeal more to a short-term trader, rather than investors, why not use the Nasdaq Composite Index or Nas 100, rather than the DJ-30 for your analysis work? I believe these indexes would be more representative of the type stocks short-term traders would be trading. As a short-term trader I very seldom trade the larger cap. stocks comprising the DJ-30. I believe this approach would be true of most other short-term traders. Just a thought for your consideration. Keep up the good work. Bill W.

To: donald sew who wrote (53179)	9/18/1998 8:41:00 AM
From: Gersh Avery	Read Replies (2) \| Respond to of 58727

August housing starts down 5.5%. Consumer spending slowing down? Bonds up .. stocks down .. Are we talking late 80s Japan or late 90s US? Gersh

To: donald sew who wrote (53179)	9/18/1998 9:03:00 AM
From: SJS	Read Replies (1) \| Respond to of 58727

Don, In particular, INDEX UPDATE is one the highlights of my day. A heartfelt thanks for all your hard work, and attitude about sharing it. What's nice about this thread is you've got alot of company with that spirit. Regards,

To: donald sew who wrote (53179)	9/18/1998 9:28:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE --------------- I forgot to mention an important point concerning my previous INDEX UPDATE (post 53173). The 50 day moving average just crossed the 200 day moving average to the downside. Unfortunately this is not a weak negative. It does not change my position for the time being that we are range trading, but this needs to be watched carefully. If this short-term downtrend continues, which I think it will, such will pull the 50 DMA even lower, which is not a good sign. Seeya