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To: patron_anejo_por_favor who wrote (19692)	9/19/2000 8:15:26 PM
From: AllansAlias	Respond to of 436258

patron, Not to nitpick, but I think everyone is underestimating the significance of large giving in the old-economy and mixed-economy charts. The SPX test today/this week is important. In general, the NAZ charts are so parabolic that one can expect them to fall far before finding some equilibrium. Not so in the other charts. These are closer to multi-year, multi-tested support and breaking that is required for BK or pseudo-BK.

To: patron_anejo_por_favor who wrote (19692)	9/19/2000 8:19:27 PM
From: AllansAlias	Respond to of 436258

patron, UB is right. COMPX only came back to the bottom of the large triangle it fell out of. May->Aug TL held as resistance today.

To: patron_anejo_por_favor who wrote (19692)	9/19/2000 9:30:39 PM
From: UnBelievable	Read Replies (3) \| Respond to of 436258

I have the line drawn from the 5/24 Low of 3042 through the 8/3 low of 3521 which puts it at about 3861 today. Today's close of 3865 does puts it slightly over that line. Given the exuberance of the 'Dung I think until it goes further (which may happen in the morning) I think it can still be considered a factor. We are right at the apex of that triangle and I have the upper trend line at about 3900. The 13, 50, and 200 SMA are all clustered around 4000. The significantly better performance of the $NDX when compared to the broader $COMPX, the fact that there were 63 new highs and 134 new lows, as well as the fact that over 600 of the stocks which increased by more than 1% had negative money flow (pricevolume on the upticks minus pricevolume on the downticks) among which were ORCL, YHOO, BRCM, VRTS, all make me feel that we really need to see follow through before concluding all is clear (for now). I expect we will test the bottom of the gap at 3582 (6/1 Close) before we go higher than the 9/1 close of 4234. Since the spike low of 8/3 has already penetrated the bottom gap support I would not be surprised if we went down to visit the gap from 5/29 at 3215. But that is only conjecture. <gg>