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To: pete who wrote (56367)	10/26/1998 2:44:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Pete, For the short/mid-term, I feel that the bottom at 7400 is safe. Long term, I am not convinced yet. For the next few weeks feel that it will be tough to break 8650-8700 range unless we first pullback some more first. Right now most of the short-term technicals are near/in the overbought region, so I think the greater possibiity is that we first drop some then up. If anyone is watching the VIX, it got close to 29. The 28 range was a solid support(SELL SIGNAL) in AUGUST when the DOW was in the 8600-8700 range. Seeya