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To: Sabrejet who wrote (41741)	4/28/1998 10:56:00 PM
From: Dwight E. Karlsen	Respond to of 58727

"TA is what I do best". I'm an amateur TA follower, ever since last October. It was then I decided that a person should look at whatever might help provide clues. I've been keeping an eye on the MACD of the SPX for all of April. Using that along with the slow sto, I (partially by luck of course) caught the first downdraft of April, and amazingly I actually bought at very close to the intra-day high on April 6th. The MACD hadn't turned decidedly bearish yet at that point, but that was the crucial break which gave me my clue to be on high alert, and begin looking for buy-points for puts: bigcharts.com (edit- finally got the right chart up to show the MACD) The orange line crossed decisively and at a good downward angle following the 4/06 break in the market. And more importantly, the blue line began a slope down. Yet the market continued up, and rallied to a new all-time high. Volume on Wednesday 4/22 reached over 1 billion on the Nasdaq. I had already pulled the trigger twice, buying a put on 4/17, and the main package of ammo on 4/21. But with a very nice double-top in place, complete with high volume in the NYSE and Nasdaq, and internet feeding frenzy, well, the signs were alarming. And the slow stochastic was at about 95 on Wed. I mentioned the MACD being bearish to someone, but they were a day-trader, and weren't really concerned, as they went home "flat" each day. Anyway, it's interesting to note that TA provided abundant clues that this mkt was due to give more than a passing nod to the technical picture. DK

To: Sabrejet who wrote (41741)	4/28/1998 11:53:00 PM
From: donald sew	Respond to of 58727

Seczebra, >>>> I remember hearing an analyst about 2+ years ago discussing EW and saying we were in a 3 down....etc...I couldn't grasp all that mumbo he got into! I have a degree in mathematics and physics and it sounded to me he was more of a psychic than a theorist. <<<<< Elliot Waves does have merit, but it definitely is not mathematics, and frankly do not think it is that analytical. Im use to having finite numbers thrown at me. Seeya

To: Sabrejet who wrote (41741)	4/28/1998 11:58:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 58727

A true follower of Ewave you ask now if you have been on this thread for two years you must know that I dont poo poo anything.... from moon waves to E waves and anything and everything in between After all, I am the Voodoo Queen don't you know.... Gersh: here is another link...but I guess we can conclude that Japan is closed stocksmart.com from the bizare and unusual file: oh man...just watching some town that has a contest you get in a tub of grits and whoever rolls around and comes out weighing the most in additional grits..wins....dont ask me what they win...probably all the grits you can eat... From Beebs Black Widow...off to bed to dream of lock limit down...