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To: Perspective who wrote (41275)	11/28/2000 8:35:48 AM
From: AllansAlias	Read Replies (1) \| Respond to of 436258

Well, 'twas a bad day yesterday to say the least. With so many sticks pointing down (new lows, bearish engulfing, dark cloud) one would have to think we are heading down some more today. The question for me then is "What patterns are there that might break down today, thereby pointing to longer-term down?" The flip side is "If the market does not go down today, then it's the Hound of the Baskervilles and I will be wary of a sharp rally." COMPX gave us a failed breakout of an early Nov downtrend line and both COMPX and NDX are sporting Dark Cloud Cover candles (yes, COMPX is not strictly DCC). The percentage trade is to get short late in the day yesterday. SPX also gave us a failed trendline breakout and a stick that is not bullish: homepages.go.com NYA did not breakout and it's not surprising given the resistance at the high today: homepages.go.com Both of these, as well as many others, are showing a sort of H&S as we have talked about before. They are iffy, but anytime I see two smaller humps surrounding a bigger hump my spider senses start to tingle. There was a little blood in the chippies today. Did you manage to get short TQNT? Thanks for bringing this one to our attention. It looks like a beautiful short today. A beautiful failed breakout and a Bearish Engulfing candle: homepages.go.com There are many bearish sticks in the chip sector. It makes me wonder if SOX will break down out of its triangle today. I have posted a few smelly charts showing the large flag/channel that it broke out of in October. Since this breakdown it has been coiling inside a triangular formation: homepages.go.com CSCO should worry the bulls here. It is threatening a breakdown with dire consequences: homepages.go.com One of the great technology stocks that has held throughout this year is ADBE. It did not have a good day yesterday and is right at the 1999 trendline: homepages.go.com