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To: pater tenebrarum who wrote (85873)	10/3/2001 10:46:27 PM
From: Paul Shread	Read Replies (1) of 86076

>>anyone else see the rising wedge on the SnP 60 min. chart?<< Yup, but I'm told that America has rolled up its sleeves and gone back to work, so we should get over it, the bottom's in. Nonetheless, that sure doesn't look good, and right at resistance, too. Add to that the fact that we are almost exactly at the break-even point for SPX investments since 1995 (1084). Get me out! I'm even! <ggg> cache.wsrn.com The Dow did a little damage to its wedge, however; last saw that on the way up in April, so it makes me nervous. This breakout doesn't look as bullish, though, and it took too much effort (overbought indicators) to break through: cache.wsrn.com Got this email tonight; any thoughts? "Check out some of the supply demand ratios. Still a lot more buybacks than new issuances being announced. We may still have a ways to run after a rest. Buybacks will put a floor under this thing, whereas it will take some awfully unexpected bad news to shake out any more long term sellers."

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