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To: bill meehan who wrote (55272)	8/6/1999 11:29:00 AM
From: pater tenebrarum	Read Replies (3) \| Respond to of 86076

Bill, fundamentals like productivity and wage pressures don't matter in this market...all that matters is momentum. hb

To: bill meehan who wrote (55272)	8/6/1999 2:29:00 PM
From: John Pitera	Respond to of 86076

Bill, LOL yes, Festival of Horrors about sums up yesterday's action in the net's on thurday morning. Feel free to use it or anything else anytime-g- The Myers High-Low system , gave a sell signal today. The article describing the signal was in the January 1997 issue of Technical Analysis of Stocks and Commodities. It was entitled "A Daily A-D New High, New Low Market System. What it looks for generally, is new 52 week highs and relatively many 52 week lows. It then looks for a period when the Dow outperforms the daily advance-decline line. Bingo! Today was that day that fit the mathematical parameters given in the article. Since writing that article, the author, Dennis Myers, improved upon the system, but today's signal would have been given by either one, the old system or the new. Prior sell signals were given on March 11, 1994, September 14, 1994, June 7, 1996, March 17, 1997 and April 23, 1998. Those are some of the good ones. There were a few not so good signals such as October 9, 1996 and February 11, 1999. The last signal actually led to a quick 200 point Dow decline, (that's on February 11, 1999) but then a straight up move. In any event, a sell signal was given today, even as the Dow rose well over 100 points at the close.