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To: AllansAlias who wrote (60164)	1/21/2001 10:59:28 AM
From: UnBelievable	Respond to of 436258

Real Men Only Use Semi-Log The uselessness of linear charting is clearly seen on your long term INDU chart. If this were a meaningful representation it would be difficult not to conclude that bubble really started in 1985, accelerated into Clinton's second election campaign when it really began a moonshot. Clearly a ridiculous idea. <gg> Using that Chart Luc's expectations are foolishly bullish and $INDU 2000 seems a realistic target for the correction. I don't know how I feel about your posting these charts on the thread. They are so clear and clearly explained that before you know it the thread will become a bunch of chart chasing fools and there goes our competitive advantage. <gg>

To: AllansAlias who wrote (60164)	1/21/2001 11:02:08 AM
From: Lucretius	Read Replies (3) \| Respond to of 436258

ho ho... charts RULE -g-

To: AllansAlias who wrote (60164)	1/21/2001 12:34:33 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

Nice charts, as usual. I was looking at the same thing myself, as you probably guessed. I think Friday was probably just a pause. I've concluded that this is a large, intermediate-term bear market rally based on the evidence, and it would be logical for it to have the strength to pierce the Sep 1 TL before it wraps up. It doesn't have to interact with THE bear market downtrend line to launch the next leg down; I think there's plenty of resistance to turn it away before it gets there. But I don't consider this Sep 1 TL strong enough to hold things back here. Of course, trade it as you see fit. It's an excellent trade setup regardless. Nicely defined entry and stop-loss points. It's just that you and I both had been expecting a significant bear market rally, and despite the fundamentals making me expect it a little later, it arrived when the technical conditions permitted it. While we are now certainly back into overbought territory on shorter timeframes, the peek into the weekly rear-view shows how little this bounce has really done. Again, I've made plenty in the past few years. I merely want to preserve it, maybe grow it at traditional low double-digit rates over the next few years. I'm looking for the no-brainer entries, and I don't know that this is one. My patience and lack of greed are quite useful, makes me kinda like a cat - willing to sit still for endless hours, waiting for the bird to make that one dumb move, then WHAMMO! Come a little lower, birdie... BC