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To: cybersaavy who wrote (128554)	1/27/2006 9:34:34 PM
From: Henry J Costanzo	Read Replies (2) of 209892

<< On the daily small cap charts the ED count has violated the 3rd wave rule being shorter that both waves 1&5 >> cs......I have long touted an ED count for the SPX essentially identical to the ED chart for IWM you just posted. I also noted, in considering certain wave targets that wave 3 could not be the shortest.......However, someone questioned that..saying the usual wave rules did not apply in an ending ED.....Not only could the waves overlap, and were divided into 3s instead of 5s...(rules I was aware of, and with which I agree) BUT the comparative wave length rules did not apply. I did not pursue the matter, but took the comment as valid...and applied it... Can't remember precisely when that was, or who posted that opinion....Just spent a little time in Search trying to find it, with no luck.....Will try again over the weekend. In any event, you may want to pursue this a bit further. I'm repeating this post to Shack and asking whether he can be of any help on the issue.....

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