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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (25806)	10/9/2000 8:36:04 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

LOL -- makes me feel better. I am trying so hard this morning as I do my prep not to see what I want to see, but what I see sure don't look good. That SPX dump was significant for my view of "the unfolding". I believe that on Friday we tested the line that underpins the entire SPX move since climbing out of the 1998. (See below). This line was pierced only once before, in October of last year. <ChartChasingAlert> Meant to mention this on Friday, but I was so exhausted that I hated the market and everybody on this board. -g Anyway, here is another example of the persistence of lines. The SPX low and close on Friday were conditioned almost to the point by lines from 1997. These are not lines that were drawn after the fact so they would fit. These are lines that I drew quite a long time ago. Also, I am using the software to connect the lines exactly to the points I describe -- I am not hand-fitting them. Friday's low: High of 7-Aug-97 thru high of 7-Oct-97. Extend it right and you get the the low of Friday to within a point. Friday's close: This is a parallel line and I always drawn a few of these once I identify some new important line. (Does anybody read this chit? g) Connect the close/open of June 15/16 1998 thru close/open of Dec 14/15 1998 and extend right. Semi-log as usual. </ChartChasingAlert>