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To: Arik T.G. who wrote (40522)	1/10/2001 8:40:52 AM
From: donald sew	Respond to of 42787

Arik, >>>>> If the oscillations creating the Megaphone on the Naz start subsiding (meaning higher lows and lower highs), we're going to get the rare Diamond formation, which could lead to a very strong up move after the 1/31 FOMC meeting <<< What I believe you are saying is that if the NAZ continues to for a PENNANT after that big up day, then the PENNANT would be the right side of a DIAMOND PATTERN. Thats a real good spot. Can anyone post a chart with the lines of the possible DIAMOND which ARIK spotted. Arik, as mentioned in the update Im leaning more towards the slight & narrow upward channel which, for the time being, be in line with the PENNANT/DIAMOND, since Im not expecting a HIGHER HIGH, and also not expecting a LOWER LOW since it is up-trending.

To: Arik T.G. who wrote (40522)	1/10/2001 8:40:52 AM
From: donald sew	Respond to of 42787

Arik, >>>>> If the oscillations creating the Megaphone on the Naz start subsiding (meaning higher lows and lower highs), we're going to get the rare Diamond formation, which could lead to a very strong up move after the 1/31 FOMC meeting <<< What I believe you are saying is that if the NAZ continues to form a PENNANT after that big up day, then the PENNANT would be the right side of a DIAMOND PATTERN. Thats a real good spot. Can anyone post a chart with the lines of the possible DIAMOND which ARIK spotted. Arik, as mentioned in the update Im leaning more towards the slight & narrow upward channel which, for the time being, should be in line with the PENNANT/DIAMOND, since Im not expecting a HIGHER HIGH since its already near the top of our indicator, and also not expecting a LOWER LOW since it is up-trending.