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To: JRI who wrote (97741)	4/24/2001 9:15:30 PM
From: pater tenebrarum	Respond to of 436258

i wouldn't rule it out. but look at other indices too...check the Wilshire 5K for instance...the corrective may well be over in that index (with the recent low in fact being a B wave low). i'm trying to be a little less NAZ-centric here. note also the volume today...it was very heavy right from the start, with the market moving in a tight range. also, a very strong VIX coupled with a PVI sell signal. we'll see what May 2 brings...it's definitely a point in time that stands out once again. if it IS a low, i'd be inclined to agree with the interpretation. alternatively, it could only be the starting point for C of B according to the count you refer to.