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To: Jerry Olson who wrote (87005)	12/5/2003 4:49:26 PM
From: ajtj99	Read Replies (3) \| Respond to of 209892

OJ, the Dow and SPX are a bit of a mystery right now. All I am fairly certain of is that the Dow ought to hit the 9EMA on the weekly on this drop, and it's currently at 9714 this week and moving incrementally higher. I'd like to see the Dow and SPX do at least a .618 re-trace of the rise from the November lows. That's about 1047 SPX and 9721 Dow, which is the anticipated area of the 9EMA weekly next week.

To: Jerry Olson who wrote (87005)	12/7/2003 2:03:25 PM
From: James Strauss	Respond to of 209892

Rolling With The Trading Channel... ******************************************* A review of the Nasdaq chart over the past six months shows a clear trend of rising tops and bottoms... bigcharts.marketwatch.com. Each time we've seen MACD and Stochastics in the 20 range and rising the Nasdaq also started another up leg... Add to that the coincidence of the ADX line rising from the 15 area and you have additional confirmation of a trading bottom... Why is this important? It looks like we are about to test these same conditions in the coming week... It wouldn't surprise me to see another up leg started Tuesday or Wednesday... bigcharts.marketwatch.com. Jim