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To: donald sew who wrote (54410)	9/30/1998 8:43:00 PM
From: Trey McAtee	Respond to of 58727

don-- once again...many, many thanks for all your hard work. all-- so what is favors saying now? is he short? is he long? is on the sidelines having a coke and an ice cream? whats his deal? watching CNBC right now..hardball. just saw that congress had a higher approval rating than the president. that makes me laugh. now i know why the republicans think they can do this crap without worry. good luck to all, trey

To: donald sew who wrote (54410)	9/30/1998 9:14:00 PM
From: Broken_Clock	Respond to of 58727

<<DOW - closed below lower trendline of RISING WEDGE>> ...but the dow is making a nice channel trending up. iqc.com looks like it could even drop a bit tomorrow and still be within the channel.

To: donald sew who wrote (54410)	10/1/1998 5:10:00 AM
From: Arik T.G.	Respond to of 58727

Re: WINDOW DRESSING >>RUT - close off their lows, one of the few bright spots. A clear case of end of Q window dressing. Look at intraday charts of the big RUT movers- many of them jumped at the last half an hour of trade. You mentioned an indication of a buy program on the Dow in the last 15 min. Tick went from +100 to +800(?). Under normal conditions what is the corresponding up swing that a Tick move like that should produce? Re: Market Support and Resistance As I said before, the most important resistance is the OEX 520, and the most important support the lower trendline of the flag(?). The former was challenged and held, and the latter is challenged now. On a 6 months bar chart of the OEX the lines are so clear you don't have to draw them. IMO there are no significant supports under the (OEX 492) rising trendline. What brings you to the Dow 7700 and 7400 numbers? ATG

To: donald sew who wrote (54410)	10/1/1998 6:13:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 58727

Donald, Yesterday's drop had the smell of a 3 wave- A continuous drive forward, unlike the 1 which smells of hasitation and the 5 which is sharp and brief. >>If I'm right, the following scenario is a possible ST outlook- Today the OEX (currently at 512.9) should not exceed 516.5, and close flat to slightly up. Tomorrow the market will be down 1% before the announcement, try to rally just before the announcement, and start dropping fast a few minutes after the announcement (unless it's a 0.5% cut, which is not likely). On Wednesday we should check the line at 492 OEX, and break it on the same day or the next morning. So far, so good. IMO we will break the trendline this morning, and spend most of the day trying to recover. Could get as high as OEX 495, but no guarantee. This 1 of 1 of 3 duration looks like a day and a half, so half a day of correction is enough. Today looks like gap down, and not much weakening afterwards, then a 3-4 hrs. attempt of recovery, then a sell off in the last 1 1/2 hrs. that would start the 3 of 1 of 3 into Monday morning. My recommendation for the nimble traders is to close their shorts in the morning, around OEX 485, and reopen and even increase in the afternoon, around 491-4. Position traders should open a short today at the rebound (12:45 to 14:30), and increase when the market starts down again. ATG