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To: Dragon 1 who wrote (54237)	9/29/1998 2:56:00 PM
From: donald sew	Respond to of 58727

INDEX UPDATE ----------------- OK - the rate decrease is out. As indicated in the past - significant news/fundamentals overide the technicals. Now that it is over and the technicals should become a bit more normal, not to say that there is alot of normality in this market GGGGGGGGGGGGGGGGGGG Right now the DOW is down 75 and if it closes near the lows there should be continuation to the downside within the next few days, if not immediately. Keep in mind that we are also a end of quarter and end of month window dressing time which could limit the downside for a few days also. The upper trendline of the RISING WEDGE at 8200-8250 has held so far and as long as we stay above 7900, the DOW is still in the WEDGE. The first key will be a break to the downside of the WEDGE trend line at 7900, then the test of 7700, then 7500. Seeya