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To: AllansAlias who wrote (70667)	4/7/2003 10:59:16 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

AA -- IF this is the v of C, are you, in the wiggles, viewing this down as "ii of iii of v"? I ask this wiggle question, because the Dow, for instance, hit 8500... resistance and a lot of folks target if this is still a flat. A decline would now follow, of some notable degree. At the moment, this feels a little like a gap and crap... and if the big C is in play, we probably reverse soooooon. the freep

To: AllansAlias who wrote (70667)	4/7/2003 11:15:59 AM
From: Doo	Read Replies (1) \| Respond to of 209892

A question, so I'll answer.... I assume you are referring to the objectively drawn downtrend line off the March 2002 high, and there's no doubt in my mind it's valid and broken, at this point. But, you can draw the same type of line across tops of the SPX weekly, which stopped the action in a similar way and it broke out three weeks back. Was that a watershed event, then? The problem I have is with the drawing of a one year trendline off of a high two full years off the top and calling it a full bear market down channel, the breaking of which is a "watershed event" in a 3 year down move. If it were a parallel channel off the all time highs (or something close) or even a simple trendline break off the all time highs, I'd agree with you. But, the way you've constructed it....projecting lines backward from the first valid touches of what may end up a legitimate shorter term pattern....., I disagree with the significance you've ascribed to it.