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To: Tom Trader who wrote (9471)	12/4/1998 10:07:00 AM
From: SE	Respond to of 44573

Tom, Here is how I am going to play this morning. I expect a run up to the day's highs or higher (which, now that I have posted this I can see did not happen), which should set up the short term bearish divergences I lately have come to love. At that point I will short one with the intention of SARing into a long position at a later point today....(Now my only intention will be getting long somewhere down here.....) At least that is my game plan for now. The 25 day thingy.....I think your calculations are for 24 days. Here is your text, with my adjustments: As of 12/1 per what you sent me it was +3690 On 12/2, we'd drop off -104 and include yesterday's # of -436 resulting in +3358 Today we drop off -166 and include -734 resulting in +2790 Now tomorrow we drop off +697 leaving +2093 and would add the net change in the a/d for tomorrow On Monday we'd drop off +1322 As a side note, the A/D today so far is almost a +1000. Numbers like that will change our scenario in a hurry..... Check it out and let me know if I am incorrect. -Scott

To: Tom Trader who wrote (9471)	12/4/1998 10:10:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Tom, If you look at GZ's forks you can see that both DJIA and SPX came near the middle tines.... 3 forks should still be in play One off late Aug/early Sept lows One off Sept highs One closer off early Nov high...this passed through the m tine and is being drawn back up quote.yahoo.com^SPX&d=1y quote.yahoo.com^DJI&d=1y Have to see if it holds

To: Tom Trader who wrote (9471)	12/4/1998 10:23:00 AM
From: Patrick Slevin	Read Replies (2) \| Respond to of 44573

This has all the marks of a whipsaw day, Tom. If you are going to sell naked Options I'm quite sure you will get lots of great chances for a good entry. I'm still flat; too distracted before to do anything at all.

To: Tom Trader who wrote (9471)	12/4/1998 12:00:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 44573

Carpino update: "The cycles point up through Jan, in my opinion. A reaction low at mid-month in December is probable. One top should come in on Monday December 7 (consider Friday (today) too). If the first reaction is small in magnitude, a rally back up to higher price levels is possible before a quick few days down into the 15 to 18th time frame. After a quick up, consider the markets could go flatline around the holidays. It just happens sometimes." So...today-Monday are highs. Lows on the 10th and...good lows on the 15th-18th, then up into the Holidays.