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To: joe who wrote (22937)	10/19/1998 10:02:00 PM
From: Wayners	Read Replies (1) \| Respond to of 45548

Yea I agree. $32 will be history by Wednesday this week at the latest--unless there is an unexpected reversal. btw...I went and connected those days for the trendlines. I think these are your longer (or mid-term trendlines) right? What pts do you use for he short term channel? Now that is an important question. To see the short term channel within the channel, draw a line connecting daily lows on 8 Oct, 13 Oct, 14 Oct and 19 Oct. That's the uptrendline of the channel. Then draw the top end of the channel connecting the daily highs on 8 Oct, 12 Oct and 15 Oct. Once you get this drawn you will see what I mean. You just have to be prepared for a break outside the channel. You can go back and draw similar channels for each run between $24 and $31 to practice.