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To: HairBall who wrote (48236)	4/26/2000 5:55:00 PM
From: el paradisio	Read Replies (1) \| Respond to of 99985

LG,but that fourth can go in either direction. As an example of such "price action isolation ",take a chart of AMGN in the middle of 1993.Wery similar "THREE" with one exception,the last third had a closing down and the next day,did open much below forming the forth gap. In our situation,the THIRD one is pointing up with a small leg down.Another words,we can open much higher ,with a small chance for a gap down,because of that last down leg. Regards, el paradisio

To: HairBall who wrote (48236)	4/26/2000 8:47:00 PM
From: UnBelievable	Respond to of 99985

As I watched the charts unfold today, I had a number of thoughts: - If the line was a bridge I don't think I would be inclined to drive across it. - If the tracings were of someone's vital signs, I don't think they would be long for this world. - I thought of what it must be like to die -- struggling for one last breath. - I wondered what the seismograph of an earthquake looks like a few minutes or days before the big one. Last night I was even more confused than usual. Since joining SI I have come to respect and appreciate the intelligence and wisdom that has been made available to me either directly through this thread, or indirectly through the many resources referenced by participants. Particularly valuable to me is the variety of perspectives expressed, and the degree to which critical dialogue takes place without criticism. While I do make mistakes, I am still very much inclined to rely on my own judgment. Time and experience have only reinforced that inclination. Especially since over time I have learned to listen to what other people are saying and my judgment has gotten even better. <gg> So, after reaching my own judgment about what we are experiencing (an understanding which I felt, and feel was substantially improved by the stimulation I have received from this group) it was very troubling to read here last night what seemed like so many people expressing informed opinions about why I was wrong. Afterwards, it was a long night of checking the calculations, sifting through the tea leaves, milfoil stalks and tortoise shells. But when I awoke, still at my desk as a cloudy dawn obscured the sunrise, things became very clear. I had to go to the bathroom. It didn't matter how many experts said otherwise, I still had to go to the bathroom. Not to belabor the point, but it didn't even make any difference what I thought about it, whether I would have preferred to have to go to the bathroom or not, or whatever plans I might have made. I had to go. Could I be distracted, delayed, attempt to fight it? Yes -- for a while. If I were out in public instead of in the privacy of my home would I make every effort to find a restroom before I went to the bathroom? Definitely. But not go eventually? No. The word crash has significant emotional content. I don't know what each person's concept of the word is. I am not saying that next week we will experience everyone's concept of what a crash is. In some years, summer turns to winter slowly. In others it seems like summer never ends until the day you wake up and there is snow on the ground (at least here on the east coast of the United States). In fact, the very concept of a point is a theoretical abstraction. But while it is written, "No man knows the hour," it also says "They who have eyes, let them see." Gentleman and Ladies, the Emperor has no clothes. No matter how unbelievable it is.