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To: ViperChick Secret Agent 006.9 who wrote (41875)	4/29/1998 8:57:00 PM
From: j g cordes	Read Replies (2) \| Respond to of 58727

Lisa, I wrote this last night when everyone was saying the market would crash the next day. "Beebs, I don't think we'll go straight down from here.. or at least there's a good chance to rally before a fall. Resistance forms the trading line on the way down just like support lines on the way up. Anyone can look at a chart and watch for the crossings. Currently those resistance lines are about 528-30 OEX. Above that 537 area. The drop, IF it continues to fall, will support to 490 and hold (that's about 10%). Remember this is a big bull move and needs to prove to itself that its not going higher. In doing that traders are going shake the longs and shorts positions to wring out the most from each side." I then got this post in the morning in reply ... "From: Byram Apr 28 1998 10:23PM EST Reply #41745 of 41877 jg - You make some good points but, What makes you think it has to have any more of a rally?? THe point return on Monday as well as this AM was a pretty good rally - IMO Also, all the talk of 10% .....No one can can judge the percentage..I missed the plays (to befuddled ..LOL... but expecting it) in '87 - and I will say that once the panic sets in the market took on its own mind.....Now we have alot more folks expecting to buy the dips - or it will be OK tommorow...and that is good But, there CAN BE a point when they loose their cool and there are alot of folks with their fingers on internet trading so their broker won't talk them out of trading..." To which I replied... "Byram, trust me.. there's order out of chaos from a distance. Market's up today. Jim" So the market rallied, right? There must be some order in all this chaos... Go ahead, take a swing. <g> Maybe we can get it right tomorrow too, I like your sites but does that guy make up a name for each new candlestick?