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To: AllansAlias who wrote (78106)	7/31/2003 10:58:30 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Yeah, a break above 9353 would answer some questions, to say the least. Just a few points away.

To: AllansAlias who wrote (78106)	7/31/2003 11:07:39 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

The broader SPX, however, is not any place close to new highs. Might be a divergence setting up.

To: AllansAlias who wrote (78106)	7/31/2003 8:57:00 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

AA...........Your "Historic Dow Test" chart..........I have a question on your Downtrend Line on which I'd appreciate hearing your views..... when you have a minute. The downtrend line you show on your chart touches the price action only once - in May 2001.........Assume you feel one touch is sufficient to establish a valid downtrend line, but would like to hear your views about this point....(I've always thought at least two touches were necessary).......TIA FYI and FWIW,.....these are the two LT DT lines I've been following (on the monthly log chart): 1. Drawn through highs of March and December 2002. That line was broken in April, at about 8350.. 2. Drawn through highs of May 2001 and March 2002 . As of today, would take about 9525 to break this one.