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To: TREND1 who wrote (3235)	10/15/2002 1:45:38 PM
From: Les H	Read Replies (1) \| Respond to of 29595

I like your new charts better. Thanks. I'm reporting using a simple moving average as opposed to an exponential moving average, not that it makes much difference in the outcomes. This was the first move where the early signals were confirmed later by a 12/25/9 MACD crossover (on Friday) or by the 10/40 EMA price-phase moving up (on Friday). I suspect the MACD will stay above the signal line on the next pullback and the buy signals will be more effective since I use those two as trend-following or trend-confirmation indicators to the signals report. I suspect if the market can hold onto much of the gains, perhaps 2 percent, the signals will be approach 80 percent sell signals or higher for the overall database and 90-95 percent for the S&P 500.