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RE: S&P 500 chart....

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<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999>Adam</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=360443305-10081999>FWIW, 
our system still is long (the Intermediate Term System and our Short Term 
System) so we're not looking for a major break yet.&nbsp; Our system has been 
pretty good at picking market tops and bottoms, and while we've been getting 
tossed about lately, we've been holding on and riding the trades&nbsp;out for 
small gains.&nbsp; Actually, we've been averaging down (or up as the case may 
be) and making a few bucks.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=360443305-10081999>Until 
our ITS turns bearish, we'll be trading the long and short side of the S&amp;Ps 
based upon our STS.&nbsp; When the ITS and the STS both turn down, we'll be 
buying all kinds of Puts as well as shorting the S&amp;Ps.&nbsp; Our ITS went 
bullish at 994 (S&amp;P) so it's been a fairly good ride so far.&nbsp; We had 
one ITS (without a STS sell) sell on 6/3/99 with a buy on 6/15/99 and that was 
the only sell we've had on the ITS since our original buy at 994.&nbsp; Made a 
few points on the sell and are fairly even on the buy side, so 
far.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999>Regards</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999>Guy</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN 
class=360443305-10081999></SPAN></FONT>&nbsp;</DIV>
<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> Von 
Hef<BR><B>Sent:</B> Monday, August 09, 1999 8:21 PM<BR><B>To:</B> 
MetaStock<BR><B>Subject:</B> S&amp;P 500 chart....<BR><BR></FONT></DIV>
<DIV>Looks like the S&amp;P may be ready to turn up. The price is close 
to&nbsp;support (the center</DIV>
<DIV>tine of the long-term fork) AND the short-term momentum is turning (but 
hasn't crossed</DIV>
<DIV>the trigger line yet).&nbsp; Will wait and see what the next 
bar's&nbsp;action is.</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp; Adam</DIV>
<DIV>&nbsp;</DIV>
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