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To: Sully- who wrote (23811)	6/27/2000 6:12:00 PM
From: DepyDog	Respond to of 35685

W2, agree with Truman Show...interestin philosophically speakin but not because of Jim Carrey...he ordinarily is not mah cup of tea. To each his own, of course, best regards, Depy

To: Sully- who wrote (23811)	6/29/2000 12:36:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

TA on the NazComp: classical Head & Shoulder bullish pattern sorry for being slow, but wanted to get past FedMeeting the QQQ chart looks identical, so Comp only treated here this H&S has an upward slant to its clear pattern got a shoulder level which is more like an upward slanted trendline left shoulder as 3650-3750 from back in April/May right shoulder now slanted higher at 3800-3900 head located at 3200 in late May indicates approx 600 pts of bull power potential adding that potential to the right shoulder gives ... target of 4400-4500 for NazComp other items worth noting are realignment of moving averages the 18day MA crossed over in mid-June recently the 50MA is crossing over in slow motion right now the 18MA is now a supporting mechanism, at around 3900 relative strenk is trending up lately since late May (I believe techs are seen as growth engines with rate hike cycle ending) a vivid broken downchannel is evident about June1st that marked a 200+ pt upday, a big gapper (try to convince me big traders dont use technical analysis) now that downchannels are out of the picture, we have flat resistance levels looming powerful current resistance is at 4000 we flirt just below 3900 these past few days we must dispose of flat resistance barriers before heading into any upchannel I can see an upchannel presenting itself, peering forth it is built upon the slanted shoulder resistance above appears at 4500, clear as Florida sunshine this overhead resistance is very large so we have a clear point of bailout I see this target reached by end of July such timeframe is consistent with the chart symmetry at Naz=4500, we then must evaluate the prospect of a Cup&Handle I see a possible August pullback from 4500 toward 4000 just an opinion of a guy who needs to heed his own TA slackjaws can check it out yourselves comments welcome how about a new practice? some debate on major index charts? / Jim Willie