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To: Henry J Costanzo who wrote (196920)	3/20/2012 9:02:13 AM
From: robert b furman	Read Replies (1) of 209892

Good Morning Henry, Looking out in time. Assume your 1423 is the top of wave 3 assume wave 4 retraces to previous 4 @ 1340 wave 1 up - 677 wave 3 up would = 1423-1074 = 349 Wave 1 is bigger than wave 3 and therefore wave 5 must nbe less than 3 or less than 349 1340 + 349 = 1689 max wave 5 Does that fit within EW - of course just guessing about the bottom at 1340. TIA Bob

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