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To: JRI who wrote (3087)	5/22/2001 12:48:44 PM
From: Shack	Read Replies (1) \| Respond to of 209892

That's how I see it. I don't see any big down coming yet. OT* I am curious to see if those Ameritraders are finally selling all that PALM they bought in the 4's on Friday, they will have done very well.

To: JRI who wrote (3087)	5/22/2001 1:20:19 PM
From: Perspective	Read Replies (2) \| Respond to of 209892

Note that being in a 4 does NOT rule out my scenario. Unless I'm misinterpreting things, the failed "C" would have something resembling a wave 5 after this jello 4, but it might not make a new high - hence the "failure". Would also coincide with the cycle high. While I say again, I do NOT expect this, I think it would be the most sinister way for this to unfold, ie it would probably catch me long. <g> <ng> Also note that, it would leave a glaring divergence, with all the indicies except Naz 100 able to clear the January lows. I'd even go so far as to expect that scenario, were it to unfold, to produce a marginal new high for everything except the Naz 100, which would likely be leading to the downside by that point in time. Note that the smaller speculative trash is really outperforming today, with Naz lagging. (COMPX +0.8%, Naz +0.3%, SCON +12%, CDTS +14%, OPTV +27%, to name a few) This is what one would expect, if this scenario were to happen. Like I said, the most sinister of possibilities, but a possibility nonetheless. <evil, evil grin> BC