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<DIV><FONT color=#000000 size=2>Hi All,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2><STRONG><U>S &amp; P 500 
cash</U></STRONG></FONT></DIV>
<DIV><FONT color=#000000 size=2><STRONG><U></U></STRONG></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>Right...........I think I see it now. As price 
did not go lower today, it may now go for a 3 wave move up. The critical 
resistance is that first low after the high. Until that low gets taken out I am 
still bearish.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
<DIV><FONT color=#000000 size=2>Regards,</FONT></DIV>
<DIV><FONT color=#000000 size=2>Dick.</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Aug 12 19:47:52 1998
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Date: Wed, 12 Aug 1998 20:18:48 EDT
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Subject: Re: Profitable trades
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Al 
Although your e-mail was not necessarily address to me I want to thank you.  I
found it interesting and  more important informative for a novice like myself/
Thanks again for sharing your trading systems.

John