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To: dennis michael patterson who wrote (36398)	11/26/2000 9:27:53 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

Dennis, >>>> what is the test of "validity" for bullish wedges? <<<< I normally use the rule of at least 3 touches for each trendline. What I dont like about that wedge is the long delay from the 8/3 junction point until the second on 11/13 for the lower trendline. Im comfortable with the upper trendline even in light of the 2 slight/temporary overshoots. Seeya

To: dennis michael patterson who wrote (36398)	11/27/2000 2:28:39 AM
From: bobby beara	Read Replies (1) \| Respond to of 42787

>>>validity" for bullish wedges?<<<< dennis, falling wedges and rising wedges are sign of trend exhaustion, however many times the trend is just short term exhausted for a countertrend move and not a top. i think this falling wedge in the nasdaq should be good for at least another 300-500 points. I think the market is anticipating/reacting to a resolution in the prez election, gore will begin to lose support for this now that the election has been certified on deadline and now certified again after the extended deadline by the courts, eventually i think popular opinion will side with resolution and gore will be persuaded by many in his party to give up the ghost. gore was given a better shot than somebody in a stanley cup playoff, after the first overtime, and he was losin, they gave him a free 2nd overtime and he was still losin. i doubt they'll last till the third overtime. it's time to move on. if people are unhappy, including gore, that he won the popular and lost the electoral, they should petition to amend the constitution, and change the rule of the game for the next time. b