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To: Shack who wrote (1431)	5/1/2001 10:07:08 AM
From: AllansAlias	Respond to of 209892

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To: Shack who wrote (1431)	5/1/2001 10:11:24 AM
From: AllansAlias	Respond to of 209892

SOX says down. Recall that the setup that gave us the pop into what we think is the end of our little 'b' was very bullish from a TA point of view. Reversal here would be a nasty failure.

To: Shack who wrote (1431)	5/1/2001 10:24:33 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Many important charts look to have put in 5 ugly waves down off the top, although 5th could very easily have some down left in it. NDX is an exception as it has yet to put in a fresh low vis a vis yesterday. The waves are ugly in the sense that they do not count nicely like they do in a good impulsive move. In tech, if we are in our 'c' down, then these 5 ugly waves probably repsent the initial leg. This would imply a little jello-around into this afternoon, then more down. Non-tech: Take a look at something like GE -- 5 ugly waves off the top. If that thing wants new highs, then we're probably looking at a 5 down that is part of a 5-3-5 zigzag before it heads to new highs. This would imply we'll jello-around all day. edit: NDX jsut printed that fresh low to confirm.