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To: donald sew who wrote (24347)	6/14/2000 11:55:00 AM
From: Terry Whitman	Read Replies (3) \| Respond to of 42787

Here's a pattern to chew on- geocities.com 4 rising SPX trendlines going back to the 98 lows- The first 3 have all been violated to the downside (circles). The 4th one would be violated on a fall below 1480. Also note the pattern of lower tops on MACD. Thanks for the base chart Chris.

To: donald sew who wrote (24347)	6/14/2000 3:28:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 42787

We're there .. <VBG>

To: donald sew who wrote (24347)	6/17/2000 9:49:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 42787

I am finding that when a market is in congestion, and does not subscribe to a well-defined congestion pattern, such as in that case of a trading range, moves need to be anticipated closer to where they actually occur. When there is a "running" or "trending" market, moves can be anticipated much more in advance. In respect to congestion trading ranges, I find that usually there is some change in behavior in the price action that precedes the move outside of the trading range. This can be accompanied by either notable price action in reference to a trend line or S or R, or price contraction, or both. In other words, the same kinds of things I look for when price is about to leave a congestion pattern. But in a trading range, it can be more difficult to pick up and can include some false starts and even exits from the trading range prone to reversals and whipsawing. Just some observations for the thread...what the heck, here are some additional observations I want to share on the trading of congested markets, one of my favorite topics. :-) One of the most significant abilities for a person to have who trades on price is understanding when congestion is starting to form and then be prepared to trade accordingly, or simply not trade. There are many types of congestions with some that IMO cannot be traded. Another key skill is simply knowing when not to trade the market given the approach that is being used. IMO I do not think the market can be defined as either "congested" or "trending" and then be traded accordingly, using BBs for the congestion trading and trend following techniques for a trending market. This IMO very oversimplistic view of the market has its significant pitfalls unless the trader simply wishes to identify congestion and not trade until the market is trending again. Comments are welcome! Bob Graham