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To: donald sew who wrote (56712)	10/30/1998 9:17:00 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 58727

Donald, from the less technical news front, it appears that we have had nothing but good stuff since the surprise Fed rate cut. Anything from IMF, Brazil, Japan LDP plans, corporate earnings ..... are all reacted to as if they are good news. Looking at the PEs of DELL, MSFT, CSCO, INTC, could the street be singing "happy days are here again" a little prematurely? With such complacency, the market is most susceptible to surprises. My question to the technical gurus here - what if we have a bombshell the size of the Russian disaster, where do you see the market support may be? Ramsey

To: donald sew who wrote (56712)	10/30/1998 9:32:00 AM
From: HairBall	Read Replies (1) \| Respond to of 58727

donald: Looks like that Bull Flag held. And, the expected break of the upper descending trend line on Wed/Thur took place yesterday. As the projection was on the Intraday Actual 60 Minute Semi-Log Charts, the projection has to keep in mind the angle of the line crossing several hours or points. Now the Market needs to continue to move up to confirm the break. Next resistance should be the Intraday Actual 200 day SMA at 8585, price action resistance at 8600, 8800 and 9000. My technicals are disagreeing with the chart formations somewhat. So, I as you do not expect this move up to be major, before the next pullback. I am still waiting for a software upgrade to do intraday technical analysis with my indicators, to see if they work. That “may” allow me to make much shorter-term calls! BWDIK Regards, LG