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To: JRI who wrote (93789)	4/13/2001 1:18:32 PM
From: Shack	Respond to of 436258

I am new at this but I have not looked at previous corrective waves to gauge current corrective wave measures. I'm not sure that is constructive especially since corrective patterns tend to alternate in structure. More importantly, the corrections you mention were correcting different degrees IMO. I think that late November bounce was only correcting the November decline which was just part of that impulse (3) down. Really just a wiggle and corrected 50% of the November decline. The January ramp was a higher degree and was correcting the entire (3) impulse down from early November to Jan 3. It corrected 50% of this decline as well. If what I have just said is accurate, then the Feb decline through April 4 was the ending (5) impulse and we now correct the whole mess. That means we are beginning a very long sideways/up phase which could go a long way before we reverse down which will be a long "crash wave" I would imagine. Here is a post I made on another thread about my preferred count. We won't know if this is right until the "b" or "2" is complete on this little ramp we've just had and we either head up into a "c" or a "3". Message 15658448