HSLP-NYSE: in sharp rally-leg
towards top boundary of 10-
mos 1750-1880 trading range. Possible Oct/Mar double bottom & tentative
closing break over key 1855 intermediate
resistance (Nov-Jan peaks not yet reached in NYSE Comp),
offers lead signal for continuing upside. Breakout from 1750-
1880 trading range (500 in NYSE) would pave way for significant
secondary reaction within major bear mkt via run towards
theoretical 2010 upside target (NYSE 600). Bears back
in control if rally leg fails to breach 1880 resistance (NYSE500), confirmed
by 2-day close below 1840 (NYSE 490).

HSLP-Nasdaq:
confirming possible saucer development from Dec 2002 peak in Nasdaq
Comp, albeit in a less optimistic manner. Needs
sustained close over
1960 resistance in
HSLP-Nasdaq (& 1500
in Nas) to launch next
rally-leg for theoretical
2036 HSLP target (Nas
1675). Mini bear cue
on 2-dc below 1928,
validated by break below
1884. Note: HSLP
charts can be viewed
between HSL’s via online mkt updates (see Web Box. Pg 4).