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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: Louis V. Lambrecht who wrote (57888)	4/28/2002 12:53:56 PM
From: S.C. Barnard	Read Replies (1) \| Respond to of 100058

If a forest swatch the size of Belgium to a paper company in Indonesia's Sumatran lowland rainforest-does it make any sound at all?

To: Louis V. Lambrecht who wrote (57888)	4/29/2002 12:26:48 AM
From: xtahce	Respond to of 100058

Louis, guess by now you're taking your daily nap <ggg>. Oh well...thanks for references. I still can't find book values for SPX & DOW, realized I typed in OEX instead of SPX after...sorry....not use to these long claws, hard on the keyboard, need to get a manicure....not sure if it's time to trim the claws just yet. About 5 weeks ago I had a 50/50 scenario for Sept's SymTri to breakout to either the upside or downside, we know now which side it chose and at what point. Gives us a extremely downside bearish target, slightly above the previous mentioned figure I tried to figure out prior to the break point. True to form it later returned to what was once support only to fool and foul, an opportunity to reshort or rid oneself of those last few hopeful longs held, before descending again. Now we are on a path that has broken the lower horizontal support line of Oct's descending triangle, one that began at the gap. Who knows, maybe this time we'll fall to finally fill Oct 10th gap and bounce to return back up to the support line and possibly push up through the descending trendline with strong volume... but how often does a descending triangle resolve itself to the upside? Time is running short, as I'd say the 75 percentile of that formation seems to be closing the gate within the next day or two and we might just very well find ourselves hitting near the support line and redo the fool & foul and return to the descent again. Guess we could also be testing the shoulder line of the inverted H&S, that started last April, when we fill that gap. As I've said before... coming out of one formation that overlaps another we seem to be entering or exiting, depending on the way you look at it .<g> Yup, should be interesting to see how this monthend & week unfolds....cya in the morning! Liz