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To: Terry Whitman who wrote (55900)	8/10/1999 4:26:00 PM
From: MythMan	Respond to of 86076

I concur with impressively weak but these small hits to the averages are concerning me.

To: Terry Whitman who wrote (55900)	8/10/1999 4:59:00 PM
From: pater tenebrarum	Respond to of 86076

Terry, while i agree with you that the a/d line WILL have it's way eventually, it is far from sure that the time is now. to illustrate what i mean, take a gander at a chart of the 1929 Dow - probably the best period to compare the current one with. as you can see, after a failed breakout, the Dow made a low below a prior consolidation zone in late july, while the a/d line continued to deteriorate. it was however a bear trap, as the index then commenced to advance in it's final blow-off phase prior to the crash. i am not saying that the same thing will happen now, only that it wouldn't surprise me at all. IF a similar blow-off were to start now, the meagre remains of the bearish camp would be utterly destroyed and that would be a fitting end to the bull market. decisionpoint.com