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To: Jan Robert Wolansky who wrote (16723)	10/16/1998 10:47:00 PM
From: Magnatizer	Respond to of 42787

Jan Magnets and thoughts Message 6050005 ht david

To: Jan Robert Wolansky who wrote (16723)	10/16/1998 10:50:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

Jan: only the Nasdaq failed to break its downtrend line: spx. oex, indu all broke to the upside. The question is whether anything counts when the government manipulates the markets.

To: Jan Robert Wolansky who wrote (16723)	10/17/1998 12:29:00 PM
From: Chris	Read Replies (3) \| Respond to of 42787

did you notice the ndx was down yesterday? i think we are overbought.. more comments later today.. . the seminar i will be doing is taking shape and has taken a lot of work. for advanced TA people, i plan to have a TA-only get-together after the seminar. should be fun looking at GET and advanced TA methods.

To: Jan Robert Wolansky who wrote (16723)	10/19/1998 9:58:00 AM
From: Chris	Read Replies (2) \| Respond to of 42787

jan! you are 100% right. notice how accurate the ellipse is. looking at sp500 only, you see that the ellipse is slighly above the close of friday. my way of using the ellipse: declare the market on the "beginning of a move up" when we see a close above the ellipse. so far, we haven't and we should expect a DOWNLEG. no matter if this is a bear or bull market, take each swing. go long and then go short. as traders, we dont worry about the "classification" of the market. yes, the market direction is important, but not the "battle between those guessing if the market is in a bull and bears" hope you understand my logic. good eye jan..

To: Jan Robert Wolansky who wrote (16723)	10/19/1998 10:00:00 AM
From: Chris	Respond to of 42787

IF we take out the ellipse just mentioned, we also have a MOB to worry about. place a MOB using the 9/24/98 "J" pivot. notice the MOB at 1088 to 1100. should you worry about this mob? yes.. imo MOB's are VERY useful and accurate in GET.