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To: AllansAlias who wrote (3035)	5/21/2001 8:28:29 PM
From: Shack	Respond to of 209892

I see the NYA turning on the 23rd but as I said earlier, there is too much relative strength in the Nasdaq or more accurately, it is earlier in its impulsive cycle for it to turn tomorrow. I'm just looking for 5 complete waves, whenever it completes. The NDX Jan lows are up there just shy of 2100, I expect that target to be hit at some point. Thats the last resistance level which needs to fall.

To: AllansAlias who wrote (3035)	5/21/2001 9:00:18 PM
From: Mike M	Read Replies (3) \| Respond to of 209892

The only way we make our 23rd turn date as a high is if the market gets this 4 over with quickly and turns back up to finish this leg -- the 5. Which should be the first clue that something is out of whack. The four is usually corrective and thus not likely to be completed in time to also complete the 5 by the 23rd. If the 23rd turns out to be a turn date...it is likely to be up...or signifying only the turn of three wave...which would make it one long three wave.

To: AllansAlias who wrote (3035)	5/22/2001 3:55:47 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

NASDAQ Scenario Update Well, how's this from Monday night's update with regard to how we saw Tuesday: Tomorrow should be a challenge. This 3 looks done or near done. We may get a gap-up or an early push, but I'll be selling it. If this is, as I think, a 4 tomorrow, then it'll be a tough day to trade. I won't be holding the early short for long as we'll be in a correction day without a trend. Our 4 looks like it needs a flush to finish, then we should get our 5 up. Would not be surprised if most of the expected flush is done on a gap down. How this ties in to the big turn date tomorrow I do not know. (Mind you, they do have +/-1 day leeway, so high of 5 could come late tomorrow or early the next day. Still chances are good the early going starts with a low.)