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To: IQBAL LATIF who wrote (21772)	12/5/1998 9:23:00 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Morning IKE Hope you and the family are well... i just did an update on P&F for the SPX & DJIA...interesting divergence... SPX---we rallied off 1135 straight up to 1190, rev. down to 1155, then ran up to 1175, then sold off to support 1155 again...BTW i was posting to TT's thread 1155 first support 1135 major support... this index is still on a buy signal...it just now did a 4 box reversal up...IMO 1180 is no real res. 1190 is...if we print 1195 Ike, that would be a Double Top Buy signal, and a Blue Sky Breakout(BSB)... The DJIA...just got an Alert!! MO turned NEG!!! from 8800 we rallied to 9350 sold off to 8900, but on this index we have NOT reversed up yet..9050 would be a 3 box reversal up....now Ike on this index there would not be another buy signal till we printed 9400!!!!!! so my conclusion is this...if the SPX prints 1195 which is about 18 points away, this market will explode....and, the DJIA would still not give a confirming buy signal...there is room for making big money in this next move...if all the pieces fall into place... Just got my Travel & Leisure Magazine...wonderful article about Xmas in Pareee...super gorgeous pictures of skaters, and lights and good stuff...sure will be nice there IKE... my regards, Jerry...ps...i never miss one of your posts....:>}

To: IQBAL LATIF who wrote (21772)	12/5/1998 10:23:00 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 50167

Hi Ike: OT Hope all is well in Paris. I see you visited the LIDO this week. I'm sure you had an enjoyable evening and I know you've had an enjoyable investing year. I see the comment on the DOW @ 8000 being steal of century but I sort of remember you saying that at 6800. <ggg>. Great week for the market. From an investment perspective you may want to look at CHKPF. This weeks jump is due to a private analyst meeting but the stock should move to its old high by earnings release date. IFMX's fundamentals are starting to improve (are you in this or did you close your position?). I sold most of my LGND position but still expect the stock to double in next year (just couldn't wait any longer seeing so many opportunities in tech sector). Best wishes to you, Nasreen, Zain, Zach & Hans. Tim