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To: pater tenebrarum who wrote (56240)	1/10/2001 4:34:54 PM
From: John Pitera	Read Replies (1) \| Respond to of 436258

i see a C wave down for NYA and Dow coming too, but of a high degree, i.e. the C that is part of the primary 4. that count regards the action from the Oct. '98 low to the March '00 high as a 'B' wave, B of 4. while it traveled considerably above the preceding impulse, it's a count that makes a lot of sense to me, due to the characteristics of the wave, weak internals, excessive bullishness, etc., as well as the fact that other counts look simply tortured so by extention could the entire SPX move since Oct 1998 be a "B" wave of a very large magnitude?