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To: donald sew who wrote (6111)	10/12/1998 11:56:00 AM
From: Maxer	Respond to of 44573

Don-- From Ralph Acampora today: Message 5991751

To: donald sew who wrote (6111)	10/12/1998 11:58:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Don, I suspect that we are seeing some selling into strength occurring. What would be interesting is to see how it closes today and assuming that it close strong, what the internals are like -- and how much follow thru strength there is tomorrow.

To: donald sew who wrote (6111)	10/12/1998 12:01:00 PM
From: KM	Read Replies (1) \| Respond to of 44573

Don: Did you know about this? What do you think? from Ralph Acampora today From today's Technical Outlook (10/12): ___ Near-Term Last Thursday we lowered our expectations for the Dow and S&P 500 averages (see 'intermediate-term stock market outlook' below). On that very day there were a confluence of many negatives—deteriorating breadth as the transports, techies and many large cap names were in free fall. However, at the end of Thursday's session it was very clear that the DJIA did not break below the critical 7400 level. Friday's upside reaction was indeed very impressive. Therefore, we believe that a good near term low is in place. We expect a vigorous upside follow through. We believe the market's near term outlook is positive and should be played on the long side.