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To: Art C. who wrote (29855)	12/2/1997 8:38:00 AM
From: Greg R	Read Replies (2) \| Respond to of 58727

Art - I am going to hold off on buying the calls for a few days. The reasons are: - IBM is above the trans-set lines. It will want to come below. - It is approaching a couple of fairly influential bearish ghostlines which will encourage it to back off for a bit. - The DOW is approaching its First X-over which should see IBM drop back for a bit. - Since what we think we're seeing is sooooo radical, I would like to see a couple of more days confirmation. Besides, if we are right, the upside is so astronomical that a couple days will only mean a small percentage of gain missed at worse and nothing missed if I am right above. <<if the world came to an end tomorrow>> (The world does not end until the first week of March. So I'm taking winter holidays in February (somewhere warm). Hey Lisa, what ya doing in February???? Greg

To: Art C. who wrote (29855)	12/3/1997 10:28:00 AM
From: Greg R	Read Replies (1) \| Respond to of 58727

Art - Thanks to Darth, I came to the realization this morning that the revamp of IBM which produced IBM5-cl is may be wrong. Take a look at the old original patterns. IBM-3cl.gif is from August and shows more of the sets and IBM-4cl.gif is October, but more highly magnified. Notice how the projected path matches what has been happening and more importantly it mimics the expected route for the DOW. It was this latter divergence of the two patterns which just wasn't making sense. Take a look at those. Compare to what you have been seeing and using. I would like to see a GIF of what you are using if you would. I'll send you an e-mail with my address. Thanks. Greg