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To: Shack who wrote (735)	4/24/2001 11:03:23 AM
From: Lucretius	Read Replies (2) \| Respond to of 209892

what are you wavers lookin for?

To: Shack who wrote (735)	4/24/2001 12:05:42 PM
From: Perspective	Respond to of 209892

It is a valid count. Satisfied? Not really <g>. I was wanting this to be a nice, deep zig-zag down. Now it may be restricted to being a flat. Looks like the correction of this morning's move is going to take some time. Five waves down on the 1min = zig-zag down, 5-3-5. Should start corrective up, not to take out today's high, shortly (already underway). Then finish up the zig-zag to about 2060. That should launch us into another five waves up, to new daily highs this afternoon. So, since the down came with five waves, I held off. I'll be buying just below the low of this little down, 2068 or so. The next major move on the 60min charts will be the next leg up. If the impulsive down is to stay in force, we must fail to close the gap from yesterday AM. If the gap is closed, we are in a flat - or something more bullish. Regardless, after this AM, I want to play on the long side until the likely gap test is made. My gut says the gap test fails, and we complete impulsive down, but you guys are sounding like you see things that imply more up. I don't like to fade Allan... BC