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To: pater tenebrarum who wrote (19447)	9/19/2000 9:22:17 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

Big Simple Technical Watch Here are some numbers to keep in mind this week for SPX, OEX, INDU, and NDX. It is easy to clutter one's mind with data and possibilities. One effective method of cutting through the clutter is to move the timeframes out and KISS. There is nothing more fundamental to TA than the trendline. So, here are some trendline numbers from the weekly charts. They are in play as we head to the open and, based on this, I would expect a bounce here. If we do not bounce it is coirtains for the short-term. These trendline numbers should be considered in the context of the week -- we should revist them on Friday. Also, as always, these numbers are very close, but 1% either way is not important. The trendlines are either drawn using QCharts/RavenQuote or MetaStock using log charts. In all cases, the lines are clean -- they are drawn between exact lows as fixed by software -- they were not eyeballed. Finally as is often the case, these trendlines were born months or years ago by other price action (i.e., an old series of tops). I do not bother describing the prior interactions that created/conditioned these lines. SPX The dominant short-term trendline is from the Oct/99 low and goes through the May/00 low. It has been tested multiple times (i.e., that implies importance). This week it is 1436. Yesterday's close was 1444. OEX Dominant s-t trendline is Oct/99 low thru May/00 low. These line is now being tested for the first time. This week it is 773. Yesterday's close was 779. INDU The dominant TL here has shifted to an old one: Dec/1994 to this week. It has been tested multiple times as was very slightly breached in Mar/00. This week it is 10,755. Yesterday's close was 10,808. NDX This one is not looking good because there are no close trendline supports that have been tested. In other words, it has a long way to fall before it would find trendline support/bullish equilibrium. Short-term we have 1998 lows through May/00. This week is the first close test of this line. This week it is 3542. Yesterday's close was 3585. (The low was 3548 though.) These lines are all rising so they will obviously have higher values next week.