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To: Henry J Costanzo who wrote (162336)	2/19/2008 2:29:21 PM
From: Shack	Respond to of 209892

Nothing trumps anything for me. I am just pointing out a chart characteristic, the backtest at 76. I have no opinion on whether it holds but I identified the XLE/$OIX ED a month ago. Aside from that breakdown its not a weak chart as you allude to and not one I have any interest in playing either way right here. Big component of the SPX, bears watching. I am sure at the very least that it will run into resistance in this area. If its pointing up well then I guess $76 will be taken. On another note, will be buying MOT poots shortly for a move to the low 10's.