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To: John Pitera who wrote (40811)	2/17/2000 9:19:00 AM
From: Temple Williams	Read Replies (4) \| Respond to of 44573

Hi John ... that would be my "favorite" view ... and today may be pivotal ... a hard break north of 1405.00 would probably kill the "correction" mode for me and signal the bull limping forward yet again ... but if 1405.00 shows real resistance, then we push the basement button and go down to fill the Cash S&P gaps from last October. That's what I see at the moment. Nice chart, btw. Thanks

To: John Pitera who wrote (40811)	2/28/2000 6:51:00 AM
From: Arik T.G.	Respond to of 44573

There is another interpretation to this chart geocities.com Jan 5th low (marked A) is 1 Jan 13th high (marked B) is 2 Jan 31st low (marked C) is 1 of 3 Feb. 9th high (marked a) is 2 of 3 Feb. 15th low (marked b) is 1 of 3 of 3 Feb. 15th high should be 2 of 3 of 3 Feb. 24th low should be 3 of 3 of 3 So there could be still more downside before we complete the big A (or 1). SPX continues to make lower highs and lower lows. Current high price to beat is Friday's high at 1360 something. Don't let the Nasdaq fool you- Overall market cap is in decline since 12/31. Market cap for the Naz is still only half the NYSE cap, and the NYSE is in a bear market (high was achieved 7/99, and October low was matched last Friday). ATG