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To: donald sew who wrote (55159)	10/10/1998 1:57:00 AM
From: Compadre	Read Replies (1) \| Respond to of 58727

Donald: I have already conceded a retest of the bottom to Bill G Wright. All I am asking is: What is the possibility that Thursdays actions have changed the direction of the market? And the reason that I am asking this question is that I get the impression from your posts that you expect an immediate down turn to DOW 7000 sometime next week and my feeling is that if that's going to happen, it is going to take a lot longer than that. Regards, Jaime

To: donald sew who wrote (55159)	10/10/1998 3:14:00 AM
From: SkyDart	Read Replies (1) \| Respond to of 58727

Donald: Have studied your analysis and read your posts daily. In reviewing the trendlines, I noticed that there is an arguable head and shoulder pattern in NASDAQ beginning in April with low connecting points at the neckline at mid-June, and end of August. Neck-line is down sloping and also marks the downtrend line at 1420. The Dow has a very similar pattern [if you imagine the left shoulder in early June] with connecting points at the neck-line at mid-June, and end of August. However the Dow needs to fall to about 6900 to get to the neck-line [also downtrend line] which would then allow it to "catch-up" to the NASDAQ pattern. The stair-step appearance is unmistakable on the DOW with the first step at about 8800 lasting for 1 1/2 weeks, the second at 8500 lasting 3 weeks, and the third at 7600 so far lasting 5+ weeks. MY QUESTION: You have commented on the Fibionacci Sequence that corresponds well with the magnitude of the point drops to the various stair-steps [The next which you have predicted to fall to 6600]; The length of time each stair-step holds seems to have some sort of mathematical pattern as well; ie, 1.5, 3, 6, etc.. Do you see a pattern here? and could this time be longer with deeper drops? and could this time pattern be related to your model in some way? If 6 weeks is the next number, then it would predict the drop to level 6600 to 6900 sometime next week. Thanks, Jeff