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<DIV><FONT size=2>This chart is a paraphrased one sent to me by Don Thompson and
might be worth some attention.</FONT></DIV>
<DIV><FONT size=2>Looking at price is one way, another is cumulative volume on a
seasonal basis. Seasonals would argue for another sharp down draft or two
per the attached chart. Points of note on the chart are the points ABC in
1998 and 1999. Also C1999 is at same level as C1998, meaning virtually all
the cumulated volume above 1998 high has been given back. This summer has
been a distribution top as usual. The yellow trendline from the 1998 low
has been broken to the downside. C1999 is near the 213 day moving average
as C1998. The 21 and 55 day averages have crossed to the down side and the
213 is rolling over. Arch Crawford's 1000 point drop could very well be
immediately ahead of us and take the chart to points D and E.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Incase you traded nasdaq stocks between May 1, 1989 and July
17, 1996 you might be interested in the NASDAQ Market-Makers Antiturst
Litigation. <A
href="http://www.nasdaqlitigation.com";>http://www.nasdaqlitigation.com</A>.
Most of the major and minor brokerages are listed as defendants. The trust
amounts to $1,027,000,000.00. Claims must be filed by December 8,1999 if
you wish to share in the settlement fund.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BobR</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Ira wrote:</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>There have been numerous prognostications as to where
the Dow is<BR>going. The attached chart indicates a trading
channnel. The Dow will<BR>not make a mojor move to the down side until
that trend line is broken.<BR>If there is a 160 point drop in the dow there is
an 80% probability of<BR>the dow dropping another 140 points. That would
still leave it above<BR>the trend line. The first target to the upside has been
met at 10950 and<BR>there is a 70% probability that it will reach 11,130.
Resistance should<BR>occur between 11100 and 11150. and a retracement of this up
move could<BR>take place. Now that I am hanging out all the way, let us
see what<BR>happens. You will notice that I am looking in both directions
for a<BR>trade. Unidirectional thought can cost a lot of money. Have
a good<BR>week end. Ira<BR></DIV></FONT></BODY></HTML>
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