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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Art C. who wrote (14874)	11/20/1997 2:23:00 PM
From: Greg R	Read Replies (1) \| Respond to of 50167

Art - I've looked at my Inpathique charts for both IBM and the DOW as a second test of reasonableness since they should agree somewhat. In a perfect world, I would expect IBM to hit a low on Dec 15 at the $90 intersection of bear and bull Ghost lines,a couple of Trans-set lines and most significantly the decade long bull-set's center-line. However, IBM may be wish washy and not bottom out until the end of December around $93. Personally, I have January puts just to be on the safe side. The DOW takes a bath on Friday PM or Monday (lately however I have been out by 48 hours a few too many times), then has a little spike up Dec 1, settles back and then has a best price on Dec 5. From there it bottoms out on Dec 15. Has a fast climb up then bottoms again end of December before continuing the final leg of its last bull run. Both of these charts appear to be supporting each other time wise as to when the lows are. Both the DOW and the IBM charts are updated on Inpathique's web site for clients each day. By watching day by day, we will see if actual events require modification of these longer term expectations. Good luck. I hope this is the feedback you were looking for. Greg

To: Art C. who wrote (14874)	11/24/1997 8:23:00 PM
From: Greg R	Read Replies (2) \| Respond to of 50167

Art - On the 20th I said <<The DOW takes a bath on Friday PM or Monday (lately however I have been out by 48 hours a few too many times)>> 113 points was not a bath by my definition (at least not these days). Unfortunately, the DOW came down and rested on top of the Trans-Set line and bounced a few times today. I really wish it had ignored it although and simply passed through but that is not the way Inpathique patterns influence the market. The DOW CANNOT stay above the Trans-set line. It is on the wrong side i.e., the top side. The longer it sits on the wrong side of the line, the more bearish its strength becomes. Lets hope it breaks through sooner rather than later. Later will be very "bloody". Greg PS. I hope you bought those IBM puts