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To: donald sew who wrote (52589)	9/14/1998 7:18:00 PM
From: dennis michael patterson	Respond to of 58727

Favors tonight agrees on the possibility of another rally. I sure hope so!

To: donald sew who wrote (52589)	9/14/1998 7:36:00 PM
From: Kenneth R Miller	Respond to of 58727

Don, Since I started trading using your posts for a guide.. I have been improving on my trades... Thank you very much for all the work you do here!!

To: donald sew who wrote (52589)	9/14/1998 7:55:00 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 58727

Donald; RE:" gravity " >Tomorrow morning, we could see another attempt at today's highs, but it should fail and we could see some heavy* selling starting tomorrow or Wed...* yeah, as many others noticed - we're near the top of the apparent trading range channel on the SPX/OEX. The SPX.X spiked right up to the top of the apparent trading range channel. It closed right on the fibonacci line on my chart. weird. ...and all the gap-up opens; shooting stars; and gravestone dojis and all that stuff looks toppy, too... ...still, we're very close to that DownTrend Line, and we haven't tested it from this "wave" yet, Donald. It's a strange attractor, man. A retracement tomorrow could very well just be a bullish pause and fill. ...if we tank I think it will be a hanging man, followed by an upward thrust to test the DownTrend Line. ie., any downdraft is likely to be fast, and then recover - not heavy as in any DOW 7500 stuff -- note 21-AUG session from the previous "star-step" or 'apparent trading range channel', for example. The SPX.X stochastics don't say we are grossly over-bought: classical Sew HigherHighs and HigherLows on my chart, FWIW. ( OSX.X now, that's another story :-) That's why I'm not short (the SPX/OEX) here ...just too damn close to the DownTrend Line, 200d EMA, etc. not to be pulled on over there and touch it. So I'll play devil's advocate here; keep the debate fresh (^_^) -Steve