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To: David Jones who wrote (6123)	10/29/1998 7:01:00 PM
From: William Epstein	Read Replies (1) \| Respond to of 7841

David Jones; Yes, its reasonable. There are 2 angles you can use to form the bottom of the wedge on a 1 yr. chart. Starting at Sept. 1 44° crossing the 3 down spikes & 56°. I have seen this specialist use these angles before. Going back to August 17th. and using that as a starting point for the top of the wedge if you use a 34° angle the wedge peaks at 28-29 about the middle of Nov. using the 56° angle for the bottom. The acute angle between them is 22° an angle that specialists seem to like because it is the same angle as that of the long term rise of the Dow. However, this is very short term and I have found that the shorter the time frame, the less accurate my charting technique. However, the 56° angle seems to mirror the angle that this specialist used to establish a channel in which the stock moved during its rise from 1990-97. You see now, why my reference to a long term chart? PHOTOMAN/WILLIAM EPSTEIN