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To: B.REVERE who wrote (56558)	10/28/1998 11:18:00 AM
From: James Strauss	Read Replies (1) \| Respond to of 58727

A/D Is Improving... ~~~~~~~~~~~~~~~~~~~~~~~ BR: A look at the chart shows A/D improvement... It just completed a reverse head and shoulders pattern... The two previous times it did this on the chart the market went up... decisionpoint.com The FED has too much at stake to let the market fall too much at this time of global economic concerns... Also of note is the bullish double bottom made in the NYSE... This pattern usually precedes market up moves... Jim

To: B.REVERE who wrote (56558)	10/28/1998 11:23:00 AM
From: donald sew	Read Replies (3) \| Respond to of 58727

BR, Yeh, when I checked the market internals, its not that strong and I dont think it confirms a 85 point up move in the DOW. The advance/declines are in favor of the decliners, the NEW HIGHs/LOWs are flat, and the RUSSEL 2000 never went positive. To me the NEW HIGHs are actually showing weakness, even though the new lows are so low. Again, Im not saying that we wont move up from here, since Im planning on going long for a short-term play, if I get the right entry with my technicals. The KEY to watch is how the market internals improve during the next upswing.