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To: set who wrote (54876)	10/7/1998 7:54:00 AM
From: donald sew	Read Replies (1) \| Respond to of 58727

Shahar, >>>>>>>> now the question. I understand that the stairstep thing is just an observation of how this seems to be playing out, but does it make sense that a mini stairstep would form without the indices having gone below the the previous large step first? <<<<<<<<< This MINI-STAIRSTEP can still occur. It is just a RECTANGLE. If you recall the WEDGE in the DOW last week - just before it broke the WEDGE to the downside, the DOW formed a PENNANT within the WEDGE. So I do believe that we can have multiple patterns forming within each other. Seeya