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To: MonsieurGonzo who wrote (5333)	1/31/1999 11:19:00 PM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Steve .. OK I'll bite <G> Looks a lot like the MDY chart. Shows how much of the gains in the last couple of weeks have been concentrated within just a few issues. Looks like it's set to bounce off support from the July peak .. but .. it sure has been just setting on that line for a while ... Tom Dorsey & co have issued some sort of bear confirmed notice based on lack of breath of the market. This one could drop through. If it does then next support ~355 then 335 then 280-285 area. 50 and 200 ema will also provide good supports. Bear flag? Gersh

To: MonsieurGonzo who wrote (5333)	2/1/1999 1:18:00 AM
From: Berney	Read Replies (1) \| Respond to of 11051

MG, I'll bite as well. As you know, I really enjoy drawing trend lines. In the longer term charts, I've found it best to treat October as an aberration. Try drawing the trend line from the August bottom and I believe that you will see an almost perfect fit. Looks primed and ready for the next move up. The nice thing on all these charts is that we can relax and enjoy the ride. I see new support lines everywhere. As long as the puppies honor them, go with the flow. If they break them, get out! TB

To: MonsieurGonzo who wrote (5333)	2/1/1999 11:54:00 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 11051

>> ... DJ has some experience with Bollinger Bands << Majority of the stuff (including my chaos predictor and others) I met so far, is just plain voodoo science to me. I have a fat book on technical indicators. Weighs in at about 4 pounds. Graphs, incantations, secret passwords ... a dead cat would not hurt if you swing it over your head turned towards the grave - see Tom Sawyer, Huck Finn or similar All these indicators (I thing their total count is cca 260) are based on not much more than open/close/top/bottom numbers and some kind of time averaging. How much can you squeeze out of so little anyways? All these indicators may be just fine for some trading, mechanical system that does not have access to the coke-bottle-based trading-information-from-extraterrestrials receiver or a dart-throwing ape. But Im convinced that understanding / modelling the market is as precautious an idea as the plan of writing a program which will be able to write other programs (Turing, his machine and the halting problem revisited). Which does not mean, we can not use them. I think this can be succesful only insomuch the other poor slobs use the same, but have the math wrong (g). Is there anything this guy believes in (g)? I still believe in candlesticks. But it's a *belief*. Nothing rational. Rocky would say "A man's gotta believe in something". dj