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To: Shack who wrote (71952)	4/23/2003 8:04:36 PM
From: JRI	Read Replies (1) \| Respond to of 209892

Glad to finally see you make it into the office. Your absence was forgiven, given the circumstances. g I like this scenario (retrace at the .618) best too right now..I think we need until early next week to get there, however, but I think I'll be going heavier than usual exposure....

To: Shack who wrote (71952)	4/23/2003 8:55:35 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Shack, I don't think 8610 will kill this on the Dow. We've got seasonal EOM coming up, and they love to pump the Dow then. Furthermore, the triple top at 8520-26 should allow a breakout once it's surpassed 8550, and it appears to be smooth sailing all the way to 8828 or so from what I can see. I don't have time to post the chart, but here's a link to the Dow showing an ascending triangle: investorshub.com That's the same formation the COMP just broke out of at 1430. The measured target for the Dow would be around 9100, but using the 8145 pivot low, it's about 8900. Discount it a bit due to a countertrend and you still get a good lunge upwards. The GDP on Friday might give it the boost it needs. That would be a nice mid-point for the Dow if the COMP and SPX make higher highs than their Dec. highs or even just test the Dec. and Jan highs respectively (The falling resistance line on the SPX suggests 940 SPX is an area of resistance).