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To: James Strauss who wrote (56735)	10/30/1998 1:11:00 PM
From: donald sew	Read Replies (1) \| Respond to of 58727

Jim, >>>>>>>> I see S&P 1120 as the magic threshold for movement to Dow 9000... If we close above 1120 we get to 9000. <<<<<<< The most common ratio to compare the DOW to the SPX is 8:1. If you take the current positions of the DOW & SPX(8627 & 1101), the ratio is at 7.83. Of course there are times where it deviates, but normally not by much. Just using simple ratios, if the DOW was to get to 9000 and the SPX gets to only 1120 that specific change would reflect a ratio of 18.5 which I have never seen happen in the the last 2 years. I think if the DOW gets to 9000 the SPX would be closer to 1145-1150. As I said before, if the DOW gets to 9000, the NEW HIGHs better get close to 150-200, immediately or the chances of a big sell off will be strong. An at 9000 there one can not use the excuse that the DOW is far from its highs. When the DOW was in its bull run the NEW HIGH were actually in the 200-350 range. Seeya