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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (63473)	6/29/1999 3:56:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

can the crowd beat itself? ;-) only while wearing leather, you say? ;-)

To: bill meehan who wrote (63473)	6/29/1999 4:05:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 132070

Bill, you are right on that note, It will be interesting to see if we sell off on Wed and thurs, or if we just have a blow-off to the upside that gets very frenzied. I was using XON as a proxy for the market. XON came back to within a buck of it's 40 wk ma at 74 when it closed at 75 yesterday. It has had super support at 75-76 as that is the horizontal line of an ascending triangle that it started in May of 1998 and broke out of this april, as well as a 4 year uptrend line. My thought was if XON bounces off of these which it has, It will be a proxy for the market to have a new leg up to new highs as XOn can move back into the 80's and possibly make a new high as well. BWDIK