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To: Gary Burton who wrote (56519)	12/8/1999 10:58:00 PM
From: marc chatman	Read Replies (1) \| Respond to of 95453

Thanks, Gary, that gives me a lot to think about. I have a couple of thoughts and questions. First, if the OSX were to print above 88 and then come down to the mid-60's, it is likely IMO that we would not see an immediate bullish divergence. Of course, it depends on the nature of the movement and the bounces on the way down. Second, does the print today above the Nov. 30 low tell you that we are not in the C wave (of an A-B-C correction) from the September high? Third, it appears as though the OSX is trying to make a very large symmetrical triangle with one corner marked by the September high and another by the October 8 low (best seen on the weekly OSX chart). That could indicate a long consolidation. I don't know whether that fits with E-wave theory. Fourth, for the bull case to confirm, are you looking for a print above the September high? Fifth, what if the OSX turns down to retest today's low before reaching 88? Depending on how long that takes, there could be a positive macd divergence at that time. Perhaps I'm asking too many questions. The charts seem to be getting quite complex.