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To: IQBAL LATIF who wrote (22055)	12/21/1998 5:09:00 PM
From: Jerry Olson	Respond to of 50167

IKE i hear your words and will act accordingly...in fact there is a divergence happening as we speak... On Dorsey Point & Figure analysis...4-5 indicators are all on sell signals, and the BIG Indicator is there as well, it's the NYSEBP...i've posted this info before, that the Big Indicator went negative 2 months before the big selloff this year...so they are all basically early warning signals.... at the same time IKE, the SPX just broke a triple top, and gave a BIG BUY signal...the DJIA if we print 9100, will give a buy signal heading up to new highs without resistance... so even though you're right there is much CAUTION out there, we can & probably will move higher here...to me it means take your good profits early and often...moving stops up as we go...buying stocks on pullbacks to support that have super RS...and forget about the negative RS type stocks... This market is so powerful IKE, it shrugs off ALL bad news...amazing...yes it's kinda scary, but hey we play the cards we're dealt, carefully, not fighting the trend, and the FED... IKE any selloff will be short violent and quick!!! Way too much capitl sitting on the sidelines looking for a home..and just after Jan, the Funds have to reinvest every dollar they have waiting to find a home... i am trying to be watchful on the markets, with one eye on the exits...

To: IQBAL LATIF who wrote (22055)	12/22/1998 3:51:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

I would like to think that we may see a range today between 1195 -98 to 1225- I will be buyer at lower end of the range with a stop loss at 1188 and seller at 1225-28 area , my selling is buying long puts and I never recommend shorting stocks.. I will restrict myself to these ranges and will continue to run my long puts even if 1228 is taken out in my opinion 1200 longs will be seen a lot of time, I think CPQ ORCL AMGN will offer a good return if we enter some options at a lower end of the range- I would also think that RUT second close above 402 can take us to 427..SOX 360 need to be watched if we take this out we may see 380 and 402 very soon, BKX 815 will also give a good indication of bigger move and broader move- NDX Composites at new highs these other indicators can be very interesting to watch and we can try to take a cue off them..