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To: ratan lal who wrote (39488)	4/14/1998 11:18:00 AM
From: ViperChick Secret Agent 006.9	Respond to of 58727

ratan kevins "breaks" operate a little differently than the other resistances..... it is a supplement....to be used in conjunction... but you can just watch the numbers and decide how you want to use them

To: ratan lal who wrote (39488)	4/14/1998 11:37:00 AM
From: Kevin	Read Replies (2) \| Respond to of 58727

>>> Both resistence points broken now. You are in sharp contrast to David Plonk who sees SP8M down to 1045 tomorrow. Can you explain your reasons? <<< Hi Ratan. I've been missing for about the last 6 weeks, so I have missed everyone's reasoning for their bear reads. From what I gather on this htread, David Plonk uses Elliot Waves??? I use different tools (don't we all, right?): --- an index trading system based on supports, resistances, a pivot point and a break point. --- a short term trend indicator (strictly as a confirmation tool for my index trading system). --- block money flow using Laszlo Birinyi's formula. I look for divergences between the MF and the underlying index price (or stock price). A possible reason for my different view is because of different time frames. Is David talking about a drop today, this week, or possibly not til next month? My read is for later this week...possibly as early as tomorrow. Hope this helps.