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To: John Pitera who wrote (64688)	9/28/1999 11:31:00 AM
From: Defrocked	Read Replies (3) \| Respond to of 86076

The DJIA 200DMA of 10,272 has given away again, that's twice in three trading sessions. Last Friday's SPZ low was 1275.5 with a close of 1288.5. A lower weekly low will also encourage profit-taking IMHO as the "continuity of confidence" is challenged.

To: John Pitera who wrote (64688)	9/28/1999 1:58:00 PM
From: bill meehan	Read Replies (2) \| Respond to of 86076

John, I thought the violation of the SPX 1300 area was very important, especially since the market was already very oversold. I don't pay a great deal of attention to H&S formations, especially one that's been so heavily publicized, but it's broken now. Noted to clients this morning that, according to MarketHistory.com, 69% of all the SPX components were down 20% or more coming into the week. Let's see if the "Spoolice" are on the case this afternoon. <g> Whoa, I've been so busy that I just now noticed the monster spike on Dec gold and the move right back down to the 306 area. That pit must be fun. <g>