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To: bobby beara who wrote (6961)	10/13/1999 6:53:00 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

BB:" SPX-500 T/A " yeah; when SPY failed to crack ~134.6 it told me that the intermediate trend had changed - that DownTrend Line you drew is now the operative, intermediate trend. Dunno 'bout H&S, bobby - just looks like a DownTrend channel to me. But if you can discern a H&S pattern, you should be able to project a downside extent ? right now, I got near-target around SPY 122.5 area; far-target around 119.5 area; "Load The Boat" at ~114.5 area; and, "Bet The Farm" at ~106. Still, we're gonna need more of a catalyst than INTC to break the market down from 124.5 +/-2 YTD BASE. -Steve

To: bobby beara who wrote (6961)	10/14/1999 1:59:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

bb, Re: Ringing the BEL I've been saying for some time that the fact that Floyd put a lot of their service underwater, has got to hurt the quarter, and definitely not reflected in the price. But then, that is FA stuff that, of course, never gets reflected in TA. As far as TA, it has amazed me how strong BEL has been in the telecom sell-off. As long as the stock holds $61, the weekly up trend line from October, '98 is intact. You may be right that it is sick, but I'll wait for the break. I've played it both long and short multiple times this year. Just A View from the Swamp TB