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To: bobby beara who wrote (22053)	8/27/1999 8:27:00 AM
From: Syd Deem	Read Replies (3) \| Respond to of 42787

Could you advise the impact of the 3000 point move vs the 150 point move? Also does it mean anything that the Summation Index peaks have been lower since July 97 (except for the May 99 peak that just exceeded the decline line by a fraction?)

To: bobby beara who wrote (22053)	8/27/1999 9:28:00 AM
From: Challo Jeregy	Read Replies (1) \| Respond to of 42787

bb, the summation index does not track the s&p. It tracks the mcclellen oscillator. As long as the oscillator is under the 0 line, the summation index will go down. When the oscillator turns up above the 0 line, the summation index will turn up. In the past few weeks, the oscillator went to the extreme lows, taking the summation with it. When the market turned around, the oscillator did also and has just recently crossed up above the 0 line, causing the summation to reverse upward. The past 2 days, the oscillator turned down again, but as long as it is above the 0 line, the summation index will continue to head up. decisionpoint.com If the oscillator bounces off of the 0 line and heads back up, we've got liftoff. (at least temporarily <g>)

To: bobby beara who wrote (22053)	8/27/1999 12:42:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 42787

Bobby: For me it's the direction of the McClellan Summation Index that's most significant... Ratios to the major indexes have not had repeatable correlations... Direction does... Right now we have a double bottom formation... decisionpoint.com SUNW really started moving in Oct of 1998... siliconinvestor.com WCOM is breaking out of a double bottom formation... siliconinvestor.com At about a price of 80.00 we should have a 5 day/13 day MA crossover... Jim