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To: bobby beara who wrote (10773)	4/27/1998 2:01:00 PM
From: Giraffe	Read Replies (1) \| Respond to of 116762

Interesting exercise for anyone using Telescan. Call up the TWENTY year chart of the NYSE (NYA). Go to chart mode and hit the LSQ (Least Squares) button to draw the median price line. Here's where it gets interesting - normally to find the trading channel you find the furthest deviations above and below the LSQ, click on those points and draw parallel lines to the LSQ. Markets have a strong tendency to turn at these lines. The highest upper deviation point in the last 20 years was August 87 - and when you draw the parallel line from that point it passes right through the highs of April 98. In fact this is the first time since August 87 that the deviation from the LSQ has approached this channel line. History never repeats itself exactly - if it did we'd see a roughly 30-35% drop within the next two months - but its certainly one more confirmation (yeah I know as if we need another confirmation) that the equities market will be changing direction.

To: bobby beara who wrote (10773)	4/27/1998 2:20:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116762

Glad U enjoyed t'nuggies*! Great pix, eh? Believe me, I'm a'going back! Re: Gregor's 50 day food supply post...guess I missed that'un. Refresh mah memory, eh? O/49r PS...the new gizmo is called Rota-Panner. WHAT A BLAST! The strong can classify 2 cu yards a day (basically 2 Toyota pickup loads) with this 2 piece gizmo, a 5 gal bucket and water nearby. * for those of you who missed the nugget haul this weekend from one (new to me) glory hole: worldaccessnet.com ENJOY