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To: donald sew who wrote (32895)	10/13/2000 2:24:04 PM
From: HairBall	Respond to of 42787

donald sew: I recall someone quoting from some rule that extended patterns beyond 3-4 months lacks reliability. Depends on who's writing the rules...<g> So the smaller/more recent moves are more meaningful since that smaller pattern could negate the bigger one Actually, per my work...the longer patterns usually dominate. Eventually all patterns are either resolved to the norm or are negated. The smallest of patterns have the least amount of reliability. (Of course, this all depends on whether one plots the patterns correctly in the first place.) By the way, that INDU bearish triangle I pointed out last week proved to be more than valid...<g>. Regards, LG

To: donald sew who wrote (32895)	10/13/2000 2:53:11 PM
From: Paul Shread	Respond to of 42787

Don, I'm not aware of a time limit on rectangles, although the longest example I can find of one is six months. I suppose it's possible to find a longer one in a long, dormant bottom. I think it's fair to call this a 1000+ point trading range, with an expected move of that amount whichever way it breaks. Also, FWIW, SPX and COMPX turned up right above their yearly lows, while the Dow did not come close to 9732. Could mean slightly better relative strength in the Dow, although that's definitely not the case today. Paul