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To: Gary Burton who wrote (42953)	4/22/1999 9:39:00 AM
From: marc chatman	Read Replies (2) \| Respond to of 95453

The "bullish pennant" scenario for the OSX is still a possibility. Check out the 60 minute and daily charts. If the OSX breaks to the upside, the old adage that "a pennant flies at half mast" suggests we could see the 80's. Message 9011025 Gary, I have another question about a possible wave reading. Is it possible that the current run started from 62+ on April 14, rather than from 60+ on April 8? If I look at a daily chart, I see a move from 72 in late March down to 60+ (possible wave A of 2?), followed by a move back to approx 66 (possible wave B of 2?), and then another move down, but only to 62+ (wave C of 2?). Is this possible to have wave C fail to go below wave A? Then, I see a 3 day move from 62+ to the high 70's (possible wave 1 of 3?), followed by the current move down to the low 70's (possible wave 2 of 3?). I'd appreciate your comments. I'm just playing around with this stuff and my reads are mostly for my own amusement (and not for my investment decisions). Thanks.