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To: shane forbes who wrote (15366)	10/2/1998 2:21:00 AM
From: E. Graphs	Read Replies (3) \| Respond to of 25814

Shane, RE:>>Maybe this is really the pre-earnings cowards jumping ship.<< Maybe it's a lot more than that....... In a way it's a good thing we entered that contest. Before long, it may be the only thing we have left to follow. ......no kidding, this is a very scary market at the moment. I am trading, but mostly out with any profit at any opportunity. I submit chart #1: The Killer Indu (sounds savage doesn't it? Well, that's because IT IS!) We have a H&S formation top forming..... imho, we will be lucky if it forms the right shoulder where I think it might be prudent to get out of the big caps entirely......if one hasn't already this may provide the opportunity. 207.95.154.130 207.95.154.130 Next, we have chart #2 The Tech COMPX (what is very very very interesting is that today it held above its ground while the Dow broke down) 207.95.154.130 207.95.154.130 Also, compare money flow between the Dow and the Naz: bigcharts.com (type in COMPX to compare Naz chart and money flow) The Naz has more structure at the moment, but can the Naz and the Dow diverge? Alot? Can the Dow go to 6000 then 4000 (because that's where it could very well be headed!) while the Naz moves to 2100? Hmmmm, I've got to doubt that. I was right about gold being a trading buy, but it looks like it has hit resistance for now (further hope for a right shoulder rally....?gold retraces while COMPX and INDU rally?) 207.95.154.130 ( LASV...PBAL <gg> E (just slightly behind the FAWiz.....don't look back! <gg>)