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To: donald sew who wrote (53958)	9/26/1998 6:39:00 PM
From: Herring	Read Replies (1) \| Respond to of 58727

I am pretty new to this thread but it seems to me that everybody believes that the market will gap up monday and tuesday and than start the retreat on wed/thur. If everybody think that would not people try to beat the market and sell before the retreat. Seems like reality is something this market has not heard of - which to me is very bullish. Investors do not want to believe the bear is here, and therefore try to ignore bad news, as we saw on friday. Even though most people believe mon/tues will gap up I tend to believe that it will not based on that fact. IMHO Herring

To: donald sew who wrote (53958)	9/26/1998 7:41:00 PM
From: HairBall	Respond to of 58727

donald: I am going to print out your post and get back to you. I have been on the road most of the day looking at lake front property! I am reading the post this afternoon, so I don't get to far behind. I have not looked at the pattern yet, but if you are right...the pattern has morphed from a pennant to a flag and now to a wedge…all being bearish patterns...gee...ain't this fun...<g> Mr. Market is making us work hard for the money while the Big Boyz are picking the proverbial pockets of the small investors that are not swift enough on their feet! <g> Regards, LG

To: donald sew who wrote (53958)	9/26/1998 9:44:00 PM
From: HairBall	Read Replies (2) \| Respond to of 58727

Donald: Ok, had my beer and cigar! <g> I noticed the previous FLAG PATTERN may have changed into a RISING WEDGE which is a bearish signal I can see this! UPPER TRENDLINE OF WEDGE = connect 9/4, 9/16, 9/24 which is pointing to 8200 approximately for MON/TUE. I got the points 9/8, 9/16, and 9/24 with a one-day projection to 8250! LOWER TRENDLINE OF WEDGE = conn 9/11 & 9/21 which is pointing to 7900 for MON/TUE I get the same points with a one-day projection to 7800! They do qualify as Rising Wedge Formations for sure! I did not check all indices, but the Dow Composite has morphed to one and also the NASDAQ Composite! I have not taken the time to do time/sales/volume analysis. I will do that tomorrow! At this point, you analysis seems very sound! This has not been an easy market to call. And, for the most part, your calls have been as good if not better than anyone has. (And, that includes the guys that get paid.) Heck, I don't "pay" any attention to those guys! <g> Of course you are not perfect. Hell if you were you would be buying Microsoft in a few months...right! Takes some “balls” to stick the neck out every single day! This market is getting close to a decision point. I know a lot of bulls have already decided and so have a lot of bears. I am not either...just a follower of my technicals as are you. Overall, my stuff still points down! Good Luck and Good Trading! Regards, LG