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To: Peace who wrote (457)	10/13/2000 8:47:13 PM
From: Peace	Read Replies (3) \| Respond to of 2404

Now that the market is up and Scrapps is in a good mood (ADI +11) despite not getting me a 37 close, lets review this ewave stuff I havent talked about in a while. To refresh here is the post from end of July Message #457 from Peace at Jul 31, 2000 1:46 AM Since it is so quiet around here and I got a peek at the charts I figured I will put in an update on the wave counts. We began an ABCDE correction from the 4/99 highs. A began at 87 1/8 and completed at 21 5/8 in 10/99. B brought us back to 67 in March while C promptly slammed us down to 24 5/8 in April. D completed on 7/17 at 61 7/16. E has run for 2 weeks and should be completing in another week or so. The target for E would be around 38 3/4 with a max pullback to 32 3/4. We should then be able to begin the next leg up which will eventually take us above the previous high of 87. These waves have played out very clearly. Earlier I had thought that D may have peaked in June at 55 and that E completed at 42 1/2. But I did express my concern at the shallow pullback of E. In hindsight D extended further and led to current E. Now, I will admit that my timing was way off but the overall analysis was right. I projected a max low of 32 3/4 back in late July and so far the low has been 32 3/8 and I hope this is it. Of course with lot more data points on the chart, I did mention recently that the most we could go down was just under 30. If we have seen the lows, that would mark the end of this entire decline from 87. Now the real action will begin when we break out of this 18 month triangle the upper boundary of which is somewhere in the upper 50s (eyeballing). Keep in mind that there are lot of resistance areas in between so it is not going to happen overnight. Looking forward to some interesting times ahead.