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To: donald sew who wrote (55788)	10/19/1998 9:10:00 AM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

However, since the recent upswing has been so strong, I feel that the 50% level is the maximum for that specific downswing. So if 9400 is the top then I feel the maximum downswing would be 7900 for the larger downswing to start towards the middle/end of this week.>>> Don Just checking that you meant 8400 for interim top??? or did you mean 9400 for the whole top ....I havent had my diet coke yet so I dont feel like making the calculations to figure it out ------------------ equitytrader.com

To: donald sew who wrote (55788)	10/19/1998 9:12:00 AM
From: jjs_ynot	Read Replies (2) \| Respond to of 58727

Earnings I heard this morning on either CNN or CNBC. Above Expectations 50 percent Below Expectations 36 percent At Expectations 14 percent However, this is for significantly ratcheted down earnings forecasts of the last month or so.

To: donald sew who wrote (55788)	10/19/1998 11:25:00 AM
From: Andrew C.R. Biddle	Respond to of 58727

Donald- Regarding Earnings: >Of the 455 companies reporting earnings as of last Friday, 53.4% > exceeded expectations, 19.6% disappointed while 27.0% met forecasts. > These results are slightly worse than at this time last quarter. As > of July 16th, 57.8% exceeded, 16.2% disappointed while 26.0% met > expectations of the 500 companies reporting at that time. > > The last estimate from Chuck Hill with First Call was for a drop near > 1% during Q3 for the S&P 500 as stated during his October 15th > appearance on the Nightly Business Report. Going forward, First > Call's mean estimate for Q4 stands at +8.6%, down from their previous > forecast of +10.0% as of September 25th Andrew