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To: NOW who wrote (83679)	10/7/2003 9:32:35 AM
From: Paul Shread	Respond to of 209892

Supposedly rare, but there's been quite a few of them the last few years (supposedly a late-stage bull market pattern, so perhaps not surprising). NOK and JNPR in 2000, MSFT in mid-2001, OEX in late 2001 come to mind. The Dow's 1999-2000 peak had similar elements, but took too long to form; it requires a market moving relatively quickly between higher highs and lower lows. Ewave views them as potential consolidations, but I can recall only one that broke to the upside, on the Dow in October 2001.