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To: Lucretius who wrote (2435)	7/6/2000 7:02:54 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

look at that Dow triangle...it's getting very close to a resolution. tomorrow's job report could do it. imagine...a 600 point up-crash tomorrow would be quite a surprise, no? my experience is, the longer consolidation periods last, the more likely upside resolutions become, as cash begins to accumulate at the mutual funds - remember, there are no redemptions, only constant inflows. and i'm not sure if that big commercials short position in the spoos is really that meaningful...what if they change their mind and begin to cover? that possibility must always be kept in mind. actually the chart formations argue for straddles, not directional bets.