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To: IQBAL LATIF who wrote (21614)	11/23/1998 5:16:00 PM
From: Ross	Read Replies (1) \| Respond to of 50167

IQ, I think we all agree you have been quite accurate with this market of late.. Now, what is resistance on the S&P (futures preferably). And "if" <ggg> there is a top how far do we fall.. And when. Not to much to ask.. <g> Ross

To: IQBAL LATIF who wrote (21614)	11/23/1998 6:27:00 PM
From: James C. Mc Gowan	Read Replies (1) \| Respond to of 50167

IKE: re: AMZN Did I understand your post to mean you were holding either common or calls in AMZN and near close today bought puts? And that you would hold longs until decline(from today's close at 218) to below 200 level, then hold puts for any further decline? Whatever your AMZN trade might be, I, and I'm sure others may be interested, even tho this may be considered speculative, given the amazing strength of internets. Trees don't grow to the sky. BTW: if internets were to sell off, do you think that NDX leaders would benefit, e.g. CSCO, INTC, MSFT.LU; that might support a move to your higher target for NDX at 1755. Also, do you give any weight to the various weekly mutual fund inflow numbers, in terms of short term market projections? I read one for last Thursday that 1.7B went into Stock MF; and heard another on TV that an 8 B figure was more up to date. With the new record on the major indices today, this would likely add fuel to the fire, no? Thanks for your ongoing perspective on the markets. vocex