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<DIV><FONT face=Arial size=2>If oex can hold at around the low made on 5/24/00.
That low was 724.75 and the nasdaq can hold at the low of the same date(5/24/00)
at 3042.66 and the spx at the low of 1361.09(same date}. The dow has held up
well relatively speaking .It 's 'low on same date was 10258.81. I don't think
there is a CLASSIC head and shoulder formation. In a classic H& S the right
shoulder is not as high as the head .As a matter of fact excluding the one
day bar at the "head" , the head is about same level as the right shoulder.
Under this interpertation the lows made by most indices on 5/24/00 become more
signifant as a support level for a good rally. After the rally( assumming
those 5/24 lows hold or an obvious reversal occurrs before the lows are are even
tested(a good possibility).</FONT></DIV>
<DIV><FONT face=Arial size=2>Regard,</FONT></DIV>
<DIV><FONT face=Arial size=2>Dom</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial
size=2>significantsignificant. </FONT>
----- 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:t-bondtrader@xxxxxxxxxxxx";
title=t-bondtrader@xxxxxxxxxxxx>t-bondtrader</A> </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxx"; title=realtraders@xxxxxxxxxxx>RT</A>
</DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Tuesday, October 10, 2000 2:39
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> [RT] OEX looks nicely
bearish...</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>This is really a 'test' for me to see if I can
attach my usual .gif files, without fuss or bother. But shame to
waste the occasion without posting something that might be of interest to
some.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>A head and shoulders, coinciding with a three
little indians patterns seems, to me anyway, as quite a strong signal of a
down move that might go further - a lot further!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>You will know from the Spoo post I did last week,
that I thought we were in for a good down move. It might well go into a
short sideways move (for the election to take place?!) and then scoot
down. However, October is the traditional move for crash or
correction, so why not Friday, 13th October....</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Ah well, first things first, did the .gif come
out....</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="mailto:t-bondtrader@xxxxxxxxxxxx";>t-bondtrader@xxxxxxxxxxxx</A><BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV><BR><BR><TT>To
unsubscribe from this group, send an email
to:<BR>realtraders-unsubscribe@xxxxxxxxxxx<BR><BR></TT><BR></BLOCKQUOTE>
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