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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (117668)	4/26/2005 10:56:03 PM
From: Henry J Costanzo	Read Replies (1) of 209892

PSS........You know I hate the XMI....g......and I never look at it.....But out of deference to you, I just did.....and I note it looks quite different from my favorite indexes (indices for Freep). You now have a wave 3 exceeding 1 there, and the 5 down could be launching here...........If so, and 5 equals the 1, that would take us back to the Oct lows... Again raises interesting possibility I noted Sunday that we may see lows at different times............with COMPX and your XMI...and DOW with it.... bottoming before the SPX....At the last lows, SPX and COMPX bottomed first, in Aug, with DOW/XMI bottoming in Oct..... Don't know enough about components/weights to figure out all that would mean.....maybe the weak financials weighing on SPX ??? and maybe SOX coming out of the doldrums soon.......and we'll let Freep figure out the role of the bios..... Gotta hit the sack......Play with all this, and give me your definitive reactions/refutations manana....OK?.....<G>

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