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<DIV><FONT color=#000000 size=2>Hi Guy,</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>The info you need is available at 2.30am US
Eastern <U>standard</U> time.</FONT></DIV>
<DIV><FONT color=#000000 size=2>Go to the SFE site at:
<<STRONG>sfe.com.au/presentation/channel6/index.html</STRONG>> and look up
the Share Price Index (SPI) which is the equivalent to your S & P futures.
If nothing happens on the 3rd then watch for the next 2 days. </FONT></DIV>
<DIV><FONT color=#000000 size=2>I have been taught that the first move after a
capitulation low is a false move 70 - 80% of the time and if that low is not
taken out within 3 days the move down is questionable.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Regards,</FONT></DIV>
<DIV><FONT color=#000000 size=2>Dick.</FONT></DIV>
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<DIV><FONT face=Arial size=2><BR> </DIV></FONT>
<DIV><SPAN class=70112506-02091998><FONT color=#0000ff face=Arial
size=2>I'll get up early and check the satellite for what's happening.
Think Bloomberg puts out all those numbers. What time do I have to get
up? I rebel before 5AM PST <g>.</FONT></SPAN></DIV>
<DIV><SPAN class=70112506-02091998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
<DIV><SPAN class=70112506-02091998><FONT color=#0000ff face=Arial
size=2>Guy</FONT></SPAN></DIV>
<DIV><SPAN class=70112506-02091998><FONT color=#0000ff face=Arial
size=2></FONT></SPAN> </DIV>
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<DIV class=OutlookMessageHeader><FONT face="Times New Roman"
size=2>-----Original Message-----<BR><B>From:</B>
owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]<B>On Behalf Of</B> Dick
Simmons<BR><B>Sent:</B> Tuesday, September 01, 1998 8:58
PM<BR><B>To:</B> metastock@xxxxxxxxxxxxx<BR><B>Subject:</B> Re: Is that
support, or what?<BR><BR></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Hi Guy,</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>You had better get that wallet out and put
it on the table. My estimation is the 3rd September for the next leg
down. Check the All Ords market in Australia for the 3rd when you get up
in the morning. If it has moved down strongly your markets are likely to
follow. If the All Ords doesn't move down forget what I have just
said.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>The following is a snap of the S&P 500
cash in Ganntrader.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Regards,</FONT></DIV>
<DIV><FONT face=Arial size=2>Dick.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2><IMG align=baseline alt="" border=0
hspace=0
src="cid:000c01bdd6c4$186ef1a0$LocalHost@xxxxxxx";><BR><BR></DIV></FONT>>Bill<BR>><BR>>Well,
we picked the selling point, just never got off waiting for one of
our<BR>>confirming signals. First major move we've missed in 16
years. What a time<BR>>to be on the sidelines. At least
we weren't long <G>.<BR>><BR>>Anyway, we were looking for an
interim support today around 998-1000. Blew<BR>>through
that. Our next support is 968. I was hoping we'd get a
60%<BR>>retracement back up so I could put on some of these short
positions I've<BR>>been carrying around in my wallet
<ggg>.<BR>><BR>>Our target for the DJIA on this move down
was 7200 +/-. At that time, we'd<BR>>sit down and try to
estimate where this might take us. I noticed Jerry<BR>>Favor
had an initial Dow target of 7140 with his objective being
6000.<BR>><BR>>Regards<BR>><BR>>Guy<BR></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
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