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To: Robert Rose who wrote (58078)	11/25/1998 3:30:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

INDEX UPDATE ----------------------- Per previous post, I felt that this pullback would be in the 100-200 range with a minimum of 75 Dow points. So far we have pulled back a total of about 125 intraday points. We could rebound as early as Friday, but most likely on MON, which would be right in line for the end of month rally/window dressing. Unless there is a strong surge at the end of the day the NEW HIGHs could close under 100, but in fairness this is a low volume pre-holiday trading day, so such could be skewed; therefore will not make too much of it. But if next week if the NEW HIGHs drops below 100 then that may mean something. Basicly there is no strong technical issue today. The KEY is the strength of the following rebound. If the DOW breaks the recent highs to the upside significantly and on strong market internals then the market will probably go higher. If the DOW stalls around the previous highs (9375) on flat or weaker market internals, that would be a significant hint that the following pullback will be stronger than the current dip, and it could be significantly larger in the 5%+ range. Also, such action would form a DOUBLE TOP which could have more significant negative implications for the future. I am not going to guess if the DOW will break the previous highs of 9375, but when/if we approach 9375, I will be carefully monitoring the strength of that rally, in hopes of finding a clue for future movement in the market. Happy Thanksgiving to all.