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To: pater tenebrarum who wrote (302)	4/19/2001 12:39:35 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

The counts off the 1998 lows don't work for most issues. It's why certain bullish wavers like da chef are calling for the bull market to resume. I think the irregular B thing is stretching it given the power and extent of the rise, but the run into 1929 was very powerful as well. I just don't know, but I can tell you that I am very impressed with the non-tech charts here. Thanks for the background. I don't recall reading in EWP about the 1929 top being an irregular B. If you have a reference I'd appreciate it, but in any case, I'll hunt through the book this evening.

To: pater tenebrarum who wrote (302)	4/19/2001 12:39:35 PM
From: AllansAlias	Respond to of 209892

(duplicate)

To: pater tenebrarum who wrote (302)	4/19/2001 12:49:27 PM
From: AllansAlias	Read Replies (3) \| Respond to of 209892

The rise has been phenomenal, no one disputes that. But we went far too quickly (in a couple of weeks) from worry, to skepticism, to belief, to a buying panic. Just freaking collapsed. The lows in non-tech were not that low, but the slide in the NASDAQ should make anybody with half a brain stand up and say -- "Wait now, this isn't right." It just seems that we gone right back into mania mode. Do you have a read on the Rydex numbers? Bet folks are trampling each other to get long. The Americlowns have been selling and that's a strange signal. The credit creation/printing of recent months defies description. It's reckless. Now they cut rates in a market that's moving up -- a good move to try to solidify a bottom. They have pulled out all the stops on the Reinflation Express. This is it -- they are shooting their wad. If we do turn, and I still think we will, a new set of lows will destroy confidence.