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To: AllansAlias who wrote (6387)	7/27/2000 1:18:53 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

well, the SPX seems to be breaking down from that a-b-c on the 10-min. chart, but not yet with conviction. if you look at the 60-min., you'll see that we seem to have traced out an impulsive wave almost completely...there's perhaps one more leg down missing. we're also in an area of previous price congestion, so i would expect a wave 2 corrective rally to put in an appearance soon. if i'm not too far off with that wave picture that rally should present a shorting opportunity.