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To: CharlieChina who wrote (2054)	5/8/2001 10:50:36 PM
From: John Madarasz	Respond to of 209892

the indu is top heavy I want to see the $ give up the 50. That's hard support. compx...what high side? really? Since I don't have time to fish, I wrap up my other business and pursue my art here. I can't bother with this. I'm convinced in the interim/longer timeframes there will be more suffering so I am comfortable watching. It's now a process of the biggest fish stalking the bigger fish...all the minnows have been eaten. and I'm completely unimpressed by current economic data, I think Allan's pretty yellow line is hope revisited and the top line of the 74 trading channel is going to be hard resistance that holds. long term these fantastic rallys are really just a blip, and I applaud the folks with the prescience and tenacity to buy and hold them... but I believe this is the tail end of another fed induced shock event that will resolve itself to the downside of the 74 trading channel...and maybe lower, before resuming it's eventual, and historical, appreciation.