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To: ViperChick Secret Agent 006.9 who wrote (49854)	8/13/1998 10:19:00 PM
From: SJS	Read Replies (1) \| Respond to of 58727

Way cool. Thanks for that!!

To: ViperChick Secret Agent 006.9 who wrote (49854)	8/14/1998 9:35:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

INDEX UPDATE --------------------------- >>>> i thought we were working with tweezer tops, inside out reversals and today we get a hmmmmmmmm csta.org <<<<<<<< Lets go back to end of July again where we had the first step, where the highs were all within 50 points of each other. If you notice the pattern was basicly UP-DOWN-UP-DOWN with the intraday highs close. Right now the futures are up 10 and we could possible regain all that was loss today - CONTINUING THIS UP-DOWN-UP-DOWN PATTERN. As long as we do not break 8600 to the upside significantly this STAIR-STEP-THEORY is still intact. What does this have to do with the question quoted above from Lisa - everything. When has the market have several days in a row an UP-DOWN-UP-DOWN pattern and that the intraday highs we so close with the factor of strong volitility. THIS AIN'T NORMAL AND ITS THROWING MANY TECHNICAL ANALYSIS OUT OF WACK, such as the candlesticks. Sure we have had several days in a row flat, but not with this unique pattern of high volitility and still flat on the intraday highs. So how do we explain this ABNORMAL PATTERN that looks like a STAIR-STEP. Frankly, I think is a battle of the big boys, with possibly a tiny bit of manipulation. Right now the futures are up big, implying that we will be up - as long as we the DOW does not break 8600 this STAIR-STEP-THEORY is intact. However, sooner or later it will break, and my feeling is that it will break strongly to the downside within days and target the 8200,8050 support lines. Hey it could also break to the upside, but the probability is to the downside for now. Seeya