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To: pater tenebrarum who wrote (86425)	3/27/2001 7:55:41 PM
From: John Madarasz	Read Replies (1) \| Respond to of 436258

i don't think the intermediate term trend has changed yet You couldn't be more correct...it hasn't. ST agrees too. securitytrader.com^INDU&ChartID=21868&ChartType=D securitytrader.com^NDX&ChartID=21869&ChartType=D BKX - Bear rally at MAJOR resis. BTK - Bear rally very close to MAJOR resis. DRG - Bear rally penetrated through resis but this is way too fast...stuff like this usually ends up retracing most if not all of the run-up. FPP(Paper Index) Snap back rally now 10 points from MAJOR resis. IIX (Internet Index) - Still in Bear rally mode, ...don't confuse a little GREEN on the chart with a bottom.....far from bullish here. INDU (Dow 30) - Bear running a little fast here....similar to the DRG, when they run this fast they often end up retracing the entire move...so no need to be chasing this. NDX (Nasdaq 100) - Same as IIX comments. OEX (S&P 100) - Bear rally...MAJOR resis = 626. OSX (Oil Service) - Still a rising wedge breakdown in play here.....just a slow roller. RUT (Russell 2000) - Bear Rally....MAX targets here 465. SOX (Semiconductors) - Only thing thats going to scare the Bears here is a move above 655. XAL (Airline Index) - Bear Rally...Maj resis 144. XAU (Gold / silver) - Drifting to trendline support...usually a very good support. HUI (AMEX Gold Bugs)- Actually closed below it's LT trend line beginning Nov 20, 2000 the last couple sessions...quiet time XBD (Broker Index) - Snap-back rally and at resis. XCI (Computer Index) - Sure looks good, but treat it only as a Bear rally....virtually no resis above todays highs until the 850 area. XTC (Telecom Index) - Snap-back rally now at maj resis.