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To: The Freep who wrote (7739)	7/22/2001 3:15:59 PM
From: JRI	Respond to of 209892

Freep- I totally agree....everyone's got it now... There is, as you allude to, still some discussion re: Does it break (up) now, or later? One can draw different scenarios (including e-counts), but most/all arrive at same conclusion (that it eventually breaks up).. I've heard quoted: declining wedges in an uptrend are 80% certain to break to upside (I believe from deadbull.com).... Yours is a very, very good question indeed...This scenario is beginning to look too pat (or are we all just that smart? Membership has to have some priveledges, no? gg) One final thought: Storage and optical components look to be in their wash-out phase to me (this go round)..if we do get our retest of lower line on wedge (1850-1900), the "e" in AA's a-b-c-d-e "B".....I think these 2 areas (storage and optics) will get fully washed-out on the last whoosh down, and will be strong bounce candidates... I could see storage, optics, Softie (to 80)-among other things- leading the CoMPX in the "C"

To: The Freep who wrote (7739)	7/22/2001 3:23:59 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

You are raising an interesting question, what happens when so many people are watching the same chart formation… I suspect that in a way this moment IS unprecedented. Now, pretty far into a bear market, people may feel that a lot of fundamentals were ‘discredited’, and pay more attention to technicals… The information is available more than ever in the past. Does it mean that chart formations may start playing out differently than in the past? I have no answer to your question (maybe someone else does), but I’ll be watching... ;-) As far as the ‘outside factors’ are concerned, you are right, the market will react to them depending on “what mood” it is in… ;-). Here, the EW method should continue to be of help. In the end, there still are buyers and sellers, and the pattern will have to resolve itself one way or the other. Trendlines still work ;-). IMO, a break of support at 41 and particularly 40 on the Q’s will mean that at least another southbound swing is in the cards; a break of the upper trendline, or even more so, taking out a recent high would begin to point things north! Great day today in New York. Time to visit some friends for a barby and a dip in the pool.

To: The Freep who wrote (7739)	7/22/2001 10:19:13 PM
From: Paul Shread	Read Replies (1) \| Respond to of 209892

>>looking for catalysts<< GDP on the 27th. <eom>