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To: AlanH who wrote (9783)	6/8/1998 12:38:00 PM
From: Chris	Respond to of 42787

not too easy to make money in this "trendless" mkt. naz not trending is a sign of "weakness" imo. naz has many resistance moving averages above it. until those are cleared, whole mkt cannot move higher. the small rally i was calling for (mainly in djia/spx) will only be of this maginitude level.. not seeing anything big. (ie: probable test of old highs). stocks in this basing mkt are NOT breaking out with "conviction". this again, shows how "the mkt is king". keep me updated on the candles.

To: AlanH who wrote (9783)	6/8/1998 1:29:00 PM
From: AlanH	Read Replies (2) \| Respond to of 42787

Candlestick update: From previous post, "Hanging Man" should be "Hammer." (In my rush to depart for appt., carelessness prevailed. Sorry for any confusion.) SPX, OEX still neutral from 10:10 Shooting Star. As such, a trend must be established before formation/s can be considered valuable. NDX did reverse downtrend at 12:00 with confirmed Hammer. Handle of hammer was very short indicating mild uptrend; it is likely that NDX will rejoin SPX, OEX in neutral activity.