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To: Les H who wrote (17080)	9/10/2000 9:19:12 PM
From: UnBelievable	Respond to of 436258

It Looks To Me That A Lot of Index's Need To Test Support This Week and need to move down a little bit to do so- OEX 50 sma at 807, SPX 50 sma at 1483, RUT put in an ugly stick bouncing off the reverse H&S neckline and support is about 520. Assuming support holds I would expect a move up into the end of the month and then .... If support does not hold STCGG would be correct. The problem I have with Elliott Wave is I can find a number of people with a lot more experience than I have who all disagree with each other. When wave 3 down actually occurs I'm sure whoever called it will let us know. <gg> I frequently think the market should test support when the market feels no such need. So we will have to see. I do think the failure to test support along the way is going to make any significant move down...ugh...very significant. At this point I've given up predicting when the market will learn about gravity.