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To: Mike M who wrote (3038)	5/21/2001 9:42:03 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 209892

I'm not sure we've entered 4 yet...today could be one long 3 and could continue tomorrow and into Wednesday, the turn could be the start of 4, knock us back to 2250, and then 5 up to the ultimate top at 2500-2550.

To: Mike M who wrote (3038)	5/21/2001 10:11:18 PM
From: Shack	Read Replies (1) \| Respond to of 209892

The cycle turn is based on the NYA/DOW/SPX and not the Nasdaq, its on a different cycle but I agree that the Nasdaq will have to help.

To: Mike M who wrote (3038)	5/21/2001 10:12:18 PM
From: velociraptor_	Respond to of 209892

I have seen most often that turn dates are simply a change in trend, and that trend could be short term or long term. I am not sure how the 23rd date was derived, but on a fibonacci hit summation, the larger the number of hits, the greater the degree of the turn. Many times, though, I have seen turn dates only signal shorter term trends. Thus, it is also possible that perhaps the 23rd will signal the end of wave 4 turning into wave 5. Thus far the rises have each taken about 1 trading day, while the wave 2 in this series has taken just over 1 1/2 trading days. If wave 4 starts tomorrow morning, that takes us at least into noon on Wednesday when wave 5 up should start. One other possibility is that since this would be wave 5 of 5 up, we could see a truncation of the wave that could easily finish by the close Wednesday. An endng diagonal might fit in well here. For what it's worth, some are calling the 24th as a high, which would only be 1 extra day. Also, major turn dates are allowed a fudge factor of +/- 1 unit of time. In this case, the 23rd could also top out on the 24th and still be correct if we are looking at a turn "day" and not a turn hour. All in all, I think we are in the same boat.