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To: ViperChick Secret Agent 006.9 who wrote (45772)	6/14/1998 8:16:00 PM
From: ViperChick Secret Agent 006.9	Respond to of 58727

here is a little interesting pattern for you pattern freaks from LIM reasearch (courtesy of another thread member) Q: What happens when there is a big short covering rally on the last day of a week in which the Dow has declined more than 2%? A: While you might think the late day rally on Friday was encouraging, history paints a different picture. On the Monday following the type of movement we saw last week, the Dow is down over 4% on average in 11 of 14 past occurrences. Two weeks later, the Dow is still lower (over 6.5% on average). Bottom Line: It really isn't safe to back into the pool just yet. In fact, an attack of the congestion zone and the trendline on the Dow weekly chart at 8000 8250 seems likely given the fact that momentum (stochastics) seems to be deteriorating rapidly. Finally, this query might also act as forewarning for what could happen in Asia and Europe overnight. Fact: A 6.5% decline from Friday's close would bring the Dow to 8250, which happens to be the top of the support zone defined below. -------------- electric Maybe Jazz will win now that Pippen is hurt ;-)