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To: The Perfect Hedge who wrote (52669)	9/15/1998 6:44:00 PM
From: Jorj X Mckie	Respond to of 58727

Hi Beebs, One of the things that hasn't come out on the P&F thread is that the DJIA has a double top at 8000 and it won't break the double top until it hits 8050. So P&F has a similar view when looking at resistance levels. Also we have similar double bottom support points at 7550, 7500 and 7450. A break to 7400 would look real ugly on a P&F chart. Since the NYSEBP has not reversed up yet and we are at a resistance point, I tend to think we are not at the bottom yet. Tom