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To: donald sew who wrote (50646)	8/25/1998 12:05:00 PM
From: Saulamanca	Read Replies (1) \| Respond to of 58727

Don, take a look at the SPX and draw a trendline from the highs on 4/22, 5/4, 6/23, 8/19 and a trendline from the lows on 4/27 and 8/11. Let me know what you think. Jim

To: donald sew who wrote (50646)	8/25/1998 2:08:00 PM
From: VS	Read Replies (1) \| Respond to of 58727

Hi Don, i'm a long time lurker, just de-lurking to say congrats on the great analysis. Always have appreciated your sharing your results with the thread. Wonder if you incorporate interest rates as a variable in your model? In my work, i've noticed the equity markets tend not to like inverted yield curves, which is what we seem to have now. One of the barriers this market may be facing right now. Let me know if you've looked at this. thx! Vince