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To: TREND1 who wrote (33545)	5/16/1998 11:56:00 AM
From: Zeev Hed	Respond to of 53903

Larry, I think that your second option is actually more likely. The gap closing within a week or so works well within a trading range, but rarely when the "environs " is weak. In this case the SOXX breaking the resistance at 295, and not just marginally, but quite decisively, cause me to lean to a "continuation" of a new down channel. As for how far back to check for two down gaps, I would say 1990 is enough (look back at the late 1990 early 1991 bear phase, I think we had such an event then, also during the decline from 95 to well, in 1995 we had some of these double down gap, if memory serves. Zeev

To: TREND1 who wrote (33545)	5/16/1998 12:06:00 PM
From: Wayners	Read Replies (2) \| Respond to of 53903

I just want to know why MU didn't drop this much the last time I shorted it. I would have made a lot more money if it had kept on going below $28 last time.

To: TREND1 who wrote (33545)	5/16/1998 12:24:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

I am out of here for the rest of the day ! Have to buy a new car ! Sure was interesting buying a car using the Internet ! But that is another story. Larry Dudash