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To: donald sew who wrote (51591)	9/5/1998 11:36:00 AM
From: The Perfect Hedge	Read Replies (2) \| Respond to of 58727

FWIW... urbansurvival.com Do you agree with this guy's TA? B

To: donald sew who wrote (51591)	9/5/1998 8:14:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 58727

Hi Don I have notice that for the DOW it is forming a PENNANT with last MON/TUE as the beginning. If the DOW stays be low 7760 on TUE, the pennant will maintain its integrity. This is a BEARISH PENNANT, indicating further down. So if the DOW does break 7760 to the upside, it would negate this BEAR PENNANT. What points on the Dow are you connecting to come up with the PENNANT which shows 7760 as support for the Bearish sentiment.

To: donald sew who wrote (51591)	9/5/1998 10:22:00 PM
From: HairBall	Read Replies (1) \| Respond to of 58727

Donald: I have notice that for the DOW it is forming a PENNANT with last MON/TUE as the beginning. If the DOW stays be low 7760 on TUE, the pennant will maintain its integrity. This is a BEARISH PENNANT, indicating further down. So if the DOW does break 7760 to the upside, it would negate this BEAR PENNANT. Don I can make out your pennant looking at the daily charts using theoretical end of day numbers. My software makes it very difficult to project the trend line to the next day accurately. I come closer to 7740, but I will agree with your 7760 number. I am sure you calculation is more accurate. However, look at the intra day actual 60-minute chart. Note the highs downward trend line. Friday's close came right up to that trend line. (7640) I think this is the resistance point to watch on Tuesday. A break (more than just a violation) of this trend line would be significant! In other words the market needs to go down at the open to keep the trend line valid. A break to the upside, may portend a pivot point. Note: There are similar trend lines with the same rise to that line at the close on Friday for the following indexes. (Use the same intra day actual 60-minute chart.) S&P 500, NYSE Composite, NASDAQ Composite, OEX Would appreciate your comments! Regards, LG

To: donald sew who wrote (51591)	9/6/1998 6:24:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Donald; RE:" DJIA-30 support & resistance levels " >NEXT RESISTANCE LINES: 7760, 7952, 8095... 7760 = Last Friday's HIGH 7952 = Last Wednesday's HIGH, and best bounce last week 8095 = Last Monday's HIGH, and top of the weekly bar. >NEXT SUPPORT LINES: 7575, 7450(WEAK), 7400, 7350, 6975 7400 +/-50 = focal point of: Last Tuesday's Hammer bottom; Long-Term UpTrend; 'psychological' support; horizontal support lines; and, fibonacci estimated near-target. 6975 = far target 6300 +/-100 = far-out DOW target >...when the technicals are in the mid-range as they are now, it is really a flip of the coin what direction it will take from there. So YES it can go up strong, and YES it can go down strong... ...indecisive sentiment favours a reversal of the (three-day) short-term DownTrend; momentum traders would require break-down below 7400 or break-out above 7900 to act; last Tuesday's Hammer still intact (except on BKX.X, where it collapsed); over-sold is under-statement; kapital will return from holiday weekend cash/time-deposit accounts (in the absence of further currency devaluation news); maximum pain for options holders is above ~8000; etc. Upon any bounce up to ~8100, we should short LatAm, Donald (^_^) -Steve