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To: theniteowl who wrote (145)	6/25/2001 9:45:13 PM
From: HairBall	Read Replies (2) \| Respond to of 1328

theniteowl: Your lower trend line is correct and most often I go with your second point at the low on 6/15. However, I chose to treat the 6/15 drop as violation for now. (Drawing on a little experience.) By the way, as I mentioned in my post I also prefer for wedges to originate at pivot points. The dotted red line plotting your rising wedge on your chart is askew of this preference as well. However, the influence could well be signaling that the price action is going to spend additional time in the larger falling wedge, before it breaks to the norm. Thanks for your contribution... Regards, LG

To: theniteowl who wrote (145)	6/25/2001 10:13:57 PM
From: Sweet Ol	Read Replies (2) \| Respond to of 1328

I just noticed that the COMPX and $NDX have been diverging since about the first of the year. I have always played the QQQ as a pretty good substitute for the COMPX. stockcharts.com However, it seems that the large caps on the NAZ have taken a much larger hit that the smaller guys. This may be because the high fliers got bigger market caps and became part of the index and now they have gone down faster. Or, it could mean that there are good short opportunities among the smaller caps. Any thoughts on how this factor will affect market directions as the Greenspan Puts begin to have an impact on the economy? Best to all, John