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To: Moominoid who wrote (66)	12/20/2001 9:48:34 PM
From: skinowski	Read Replies (1) of 656

"It's kind of like a ending diagonal that gets wider rather than narrower" Yes, that's how it looks. The decline on the hourly until this morning's fall off the cliff was in 3 waves. That's one thing it is no longer. Was a nice theory, but Mr. Market made a different decision. Is the down action over? I'm neutral. Have no theories at this moment. The hourly charts and many dailies are oversold... but the damage on the dailies is impressive. Look, how AMAT gapped below support line and went down. BTW, David, the forecast re: how far your 'C' wave is destined to travel seems fairly open. I'm looking now at a 240 min chart since September, and it IS possible to read it as an already completed 'five'. Your work with stochastics to help determine waves is very interesting. Did you have success with it? I'm on vacation until January 2nd, and I whish you guys all the best in the New Year. Hope to come back with a fresh head and get ready to kick butt!

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