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To: Bull RidaH who wrote (37662)	10/20/1999 12:27:00 AM
From: Death Sphincter	Read Replies (2) \| Respond to of 44573

I had assumed, INCORRECTLY, that the CPI would be slightly worse than expected, based on PPI. BUT NO! a rally to 1280 fits very well with a diagonal scenario, that being that the bounce up VERY often retraces to the 'b' of one lesser degree (1280-90 in this case. You can also make a nice visual that that level is the neckline of a potential H&S on the SP cash and being as such I placed my sell order there which, THIS TIME, worked. while we are both looking at ending diagonal scenarios, mine varies from yours....no matter...what does matter is that they USUALLY have a breach of the trend line on the final move down, a semi-panic spike kind of deal. Also, if you follow these ending diagonal guys, you will note that there is a preponderence of symmetry...that is, the 'A' wave down is broken into a 3 leg move, in this case..from 1340 cash,1 down, 2up(1280-90) 3 down to 1233 all forming the A...and now the B retraces into the 2(the b) of that A wave..with the C wave to come... the A and C are so often nearly equal to each other that it is hard to ignore....since it looks like the A was from 1340 to 1233(about 100 points, cash) I am looking for 100 points more down....which gets to that old magic number of 1192 area, which also coincides with the bottom of the channel it will be fun to watch NOW, with your read of an ending diagonal beginning at 1420 cash and 1 ending at 1267 = 153 points....and 3 running from 1383 down to 1256= 127 points....since 3 cannot be the smallest, then 5 can not exceed 3 (127 points).....so 127 from 1344 = 1217.....if that is breached, I need say no more in the meanwhile, lets stink it up DS

To: Bull RidaH who wrote (37662)	10/20/1999 5:36:00 AM
From: robert b furman	Respond to of 44573

I can smell it !! I can taste it - no on second thought thats my upset stomach from watching these techs melt.As GZ says gulp HEHEHE. Actually I feel a little like a vulture waiting for a capitulation bottom.Mr Softee might have just put us well into your b rally. So I should watch for c of 5 to retrace 70% of b.That doesn't sound like a vix spike like a year ago.Does that mean this tech correction will soft land a double bottom in November? Then December tax selling and the january effect. Pay cap gains in January after y2k fizz occurs. Bob Glueless