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To: Shack who wrote (10548)	8/20/2001 8:44:49 PM
From: marginmike	Respond to of 209892

I was looking at a naz chart, and I know nothing besides the tid bits I picked up here. It seems that the Naz has done 3 waves of a potential 5 from the 5000 peak. We are now awaiting the 4 up before the 5 down that should be a freightening drop. If I had some computer literacy I could post my chart.

To: Shack who wrote (10548)	8/20/2001 9:21:58 PM
From: John Madarasz	Read Replies (1) \| Respond to of 209892

Interesting cycle work excerpts here... edited for ease of read August 21-24th marks several monthly anniversary cycles (multiples of 300) from the 3/24/00 and 5/22/01 high... and the 12/21/00, 3/22/01 and 7/24/01 lows. It is the 2nd occurrence of the 69-71 day Nasdaq 100 cycle from the 4/02/01 major low. Though probably not a strong influence, it is also the 14-year anniversary (2 7-year periods of completion) of one of the most memorable stock market turning points in our generation - on August 24, 1987. The week of August 20-24th, 2001, completes a equidistant cycle (22 weeks) between the last two intermediate lows of October 18, 2000 & March 22, 2001. The exact day that completes this cycle (155 days low-low-low) is August 24th. A low on August 24th would also correlate the ‘5’ wave of this (DJIA) decline to the ‘3’ wave. The ‘3’ wave lasted from June 5th to July 11th, a total of 36 days. 36 days from the peak of the ‘4’ wave on July 19th is August 24th. August 27th (1 trading day beyond this cycle) is 3600 from the ‘(2)’ or ‘B’ wave high (9/01/00) of this overall decline. So, from just a cyclic perspective, the most likely scenario appears to be that stock indices will move gradually lower into August 24th and then reverse higher (with or without a quick spike low) on August 27th. The bottom line is that several indicators and cycles are poised to create a decline into August 24th and then to initiate a rally from that point forward. Message 16230048