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To: HairBall who wrote (57690)	11/17/1998 9:53:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 58727

Hi LG scifi.co.uk I'm still learning about candles myself. Any time someone cuts loose with some of that candle stuff I go there to find out what they're talking about. Looked at your linked Richard Ney stuff. Thanks. It's a keeper. Now .. today there was a lot of stuff flying .. tons .. At this time I wonder if enough attention was being paid to the majors to have overlooked working over the RUT. If this is the case then what the hammer may be showing is real investor emotion. This would increase the validity of the chart formation. Any way .. let me ask you .. in you opinion was the RUT manipulated today just to make a very special chart formation? Gersh

To: HairBall who wrote (57690)	11/17/1998 9:56:00 PM
From: donald sew	Read Replies (3) \| Respond to of 58727

LG, The HAMMER on the RUT implys a reversal to the upside. Also my short-term technicals are now a CLASS BUY for the RUT; however please keep in mind that my CLASS BUYs or SELLs are only good for the initial pop or drop. I then need to revert to other analysis to determine continuation of the move. Although I have a CLASS BUY(short-term, 1-5 days) on the RUT, and it could pop, the technicals on the RUT are not that strong now and are actually showing signs of weakness. The RUT has broken its trendline to the downside and is still a distant away from it. Therefore this CLASS BUY on the RUT is not tradeable. What would now confirm its weakness is that it is unable to reach or exceed its previous peak. Im basicly convinced of a pullback of 5% or more to start soon, and that the upside before the pullback should be 9100, max 9200. If the NEW HIGHs were to exceed 100 tomorrow and following days, then I would change my position. Todays extremely fast 100+ point reversal in the DOW and the narrowing rally, could be ominous signs for the future, but that would require a heck of a lot more confirmation - just slight hints that may mean nothing or alot. Seeya