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<DIV><FONT size=2>Taking the cumulative volume lows on 981008 and 990304 and
using them for the Midas Top Finder Start(S) and Center(C) points, the Top
Finder planted its X at 990719. EODCV peaked out on 990716. Using
990304 as a pivotal date to draw trend lines through originating at reaction
points in the fall correction of 98 gives potential support lines for
what lies ahead. So far B99 and C99 have had reactions at the trendlines
and the EODCV has dropped back to its summer '98 highs. At the moment
there is a gross divergence with price still in denial of cumulative
volume. If there were a proportional correlation of price with volume then
price would also fall back. The big question is will it play catchup and
find support at S3 10159(a 815 point drop) on the Midas chart or the summer '98
high of 9337.97(a 1636 point drop). Or will the INDU take the
proportionate route of dropping the same percentage of the range from '98 fall
low to '99 summer high as has the EODCV.</FONT></DIV>
<DIV><FONT size=2>(11252 -X)/(11252-7539) =(21607 - 18958)/(21607 - 12795) where
X calculates out to be INDU = 10136. That would give us an 838 point drop
from Friday just to catch up with EODCV. There would definitely be an
additional negative volume slippage so we then get into Arch's 1000 point drop,
but not necessarily in the same time frame. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BobR</FONT></DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
<A href="mailto:bobrabcd@xxxxxxxxxxxxx"; title=bobrabcd@xxxxxxxxxxxxx>ROBERT
ROESKE</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>RealTraders</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Saturday, August 14, 1999 9:32
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> MKT - INDU</DIV>
<DIV><BR></DIV>
<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></BLOCKQUOTE></FONT></BODY></HTML>
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