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To: GROUND ZERO™ who wrote (14658)	2/3/1999 5:34:00 PM
From: SE	Respond to of 44573

You may be right, but I just don't see it. But then again, I never saw a 100% move from the OCT 8th low on the NASDAQ either.... Must be time to get long....and then hopefully nice and fat!

To: GROUND ZERO™ who wrote (14658)	2/3/1999 5:43:00 PM
From: Doo	Read Replies (1) \| Respond to of 44573

GZ, I don't ever read your work to include volume considerations, but what do you make of the extraodinary volume in the "sideways pattern" we have seen in most indices? Bases are constructive in my view only if the volume dries up. Thanks, Jeff

To: GROUND ZERO™ who wrote (14658)	2/3/1999 6:14:00 PM
From: Jay Baca	Read Replies (1) \| Respond to of 44573

Looks like we have an Ascending triangle with SPH that started basically around Dec. 14th or so, at 1150. It has topped out around 1290 three times with higher lows following. They say the breakout of an ascending triangle is usually up. We'll see. comments? J

To: GROUND ZERO™ who wrote (14658)	2/3/1999 9:09:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

I think the obvious statement is we have to break 1290 to get anywhere.....now the question is do we break 1290 solidly and that is the start of a run, like the break of 1200 was....or do we break it, spike it and then it tanks? The internals suggest the latter. I find it amazing that with the internals we have had the market refuses to go down. That in itself speaks volumes about the potential upside. Kinda like when we had all the bad news about Clinton and Brazil in the 1170 level and the market refused to tank. It was a clear sign the direction was going to be up. However, many write about distribution and the big money chasing the big caps to hide the fact that this market is sick. If there is truth in that, as soon as the big money decides they have had enough, they stop buying and this market tanks in a big way. Which is it? In hindsight I will claim I knew all along, but for now I just don't know.