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To: John Madarasz who wrote (8998)	8/3/2001 6:25:18 PM
From: JRI	Respond to of 209892

Great chart.. As previously mentioned (somewhere), on the previous 2 failures, we had a pattern very similar/identical to the last 3 days action THIS TIME (bearish star/bearish DOJI star).... Now, big difference (perhaps), this time, we finished above trendline (not below, like 2 previous times)...however, one is allowed to be suspicious, given possible EOD games/short-covering today....could be nothing, could have been the savior... My trusty stochastics tell me that we are overbought going into close, so down pressure early Monday....but I s'pose powers that be could always gap it up... Hope I'm a hero, not a zero Monday morn...good weekend to you...

To: John Madarasz who wrote (8998)	8/3/2001 7:06:17 PM
From: NOW	Respond to of 209892

Nice chart John: so is this more like Feb or April as I asked earlier or does it matter?

To: John Madarasz who wrote (8998)	8/3/2001 7:45:28 PM
From: velociraptor_	Read Replies (2) \| Respond to of 209892

Interesting to note as well....we have now had the break of the down trend line, but look at the volume trend. NO VOLUME SPIKE!!! Where is the volume??!! It's still falling which makes this break very suspicious in my book.

To: John Madarasz who wrote (8998)	8/3/2001 9:30:28 PM
From: Davy Crockett	Read Replies (1) \| Respond to of 209892

Hi John, Great charts & fantastic annotations. Please keep up the good work! Regards, Peter

To: John Madarasz who wrote (8998)	8/3/2001 10:44:42 PM
From: skinowski	Respond to of 209892

Another volume observation… it was increasing, as the market was going down from September high to the April low. The highest spike occurred, however, during the April rally. The new high in May was accompanied by a diverging declining volume, which remained flat and drifting down ever since. The approx. 1780 NDX level contained the previous rally attempt in the middle of July… the same level served as support during the May and June declines. I would have to say that if the current down move ends and the market rallies above that support/ resistance level, the bulls might have their day. As far as this latest rally since July 24 is concerned, it looks impulsive, contains 5 waves, and ended with an ascending diagonal triangle (wedge). Anyone who agrees with that would have to expect a pullback, and then the benefit of doubt would have to go to the bulls, IMO. For now, COMPX stochastic gave a sell signal today, and so did the NYSE Composite, as well as many individual companies (BEAS, VTSS, NTAP, NOK, JDSU, CY, ATML, CHKP, others). The degree and character of the upcoming pullback will be telling. AK

To: John Madarasz who wrote (8998)	8/6/2001 7:51:07 PM
From: JRI	Read Replies (2) \| Respond to of 209892

Thanks for this chart this past weekend...it really helped me feel comfortable with my short Friday at close-g. stockcharts.com I notice that on the last 2 fake breaks (let's assume this is #3), that the indices make a decent go, post-break, at the previous "break" line again. In fact, for each of the 2 sessions after, before heading down. I wouldn't be surprised to see that again tomorrow, and maybe even Wednesday....am expecting a run back to 2050-2055...although, as those days did, we could candle down lower..say to 2000-2020 during day... (I hoping that Csco will continue building that nice upward sloping wedge/triangle tomorrow.....help me out: Could you draw the neckline in your mind from H&S pattern (would be upper-sloping). Would that comes out around 20-21 tomorrow? If so, perhaps last move up tomorrow (and action of last couple weeks) be considered a retrace to neckline, and then BOOM down....see what I mean? Is that a legit scenario?) Re: Nasdaq. A day or two more of up (producing lower high) would tidy up the scenario (symettry with previous fake breaks), allow us to hit a turn date (OK, not at "THE" high, but a high) on either Tuesday or Wednesday.....right on the Bradley... After that, we hava a week to hit your preferred 1870-1900 area, one which should generate some fear I reckon (break of 1940)...16th brings another Bradley... Oops, I guess this "new" scenario messes up my QQQs at 41-42 scenario (max pain) at expiry.... On 2nd thought, let me think about this obviously off-the-cuff piecing.....As you know, I usually find a way to work all stuff in....even if I have to hammer the square block in the round hole-g (Shooting for 5 hours sleep tonight!)