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To: Trey McAtee who wrote (54144)9/28/1998 4:40:00 PM
From: HairBall  Read Replies (1) | Respond to of 58727
 
Trey: I know you posted to Donald, but if I may put in my less than two cents. I would use a rising wedge formation for an impending direction indicator only...not a price forecaster!

Of course, these chart formations are not 100%

Regards,
LG



To: Trey McAtee who wrote (54144)9/28/1998 4:55:00 PM
From: donald sew  Read Replies (1) | Respond to of 58727
 
Trey,

>>>>>> i think i remember you saying something about a rising wedge in a DT on the dow.i have been looking over the charts, and i think you are right...i also noticed that these tend to bring a 15-20%
downward movement. <<<<<<<<<<

I really have not done an analysis on the drop after a RISING WEDGE, but believe that, normally, it should at least bring the price back to the beginning of the lower trendline which in this case should be 7500. I have seen it much worse also.

Seeya



To: Trey McAtee who wrote (54144)9/28/1998 8:07:00 PM
From: Dom B.  Read Replies (1) | Respond to of 58727
 
Hello, XQ!!! Have you heard from Dear Abby lately?

Now that Goldie cancelled the ipo, do you think she'll
come out of the woodwork and pull a MAKEMPOORER
switch?

That would really tank the market!!!

tia...//dom, waiting for a supertanker to beach...

ps..just read that goldie, cmb and leh own shares of the
FED RESERVE BANK!!!!!!!!