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To: Shack who wrote (3507)	5/24/2001 4:15:17 PM
From: Shack	Read Replies (1) \| Respond to of 209892

The NDX bottomed EXACTLY at the top of wave 1 and now looks to be in the 3 of something or other.

To: Shack who wrote (3507)	5/24/2001 5:31:41 PM
From: Perspective	Read Replies (1) \| Respond to of 209892

I agree. SOX down move so far looks impulsive, and the bounce corrective. Either we've completed 1 of 1 or B and are in 2 (bearish count), or the breakout was actually real, this is a headfake down, and we're in a zig-zag 2 of C (ie the last impulsive up was just a 1, not the whole C). Note also that the COMPX and Dow moves today would make a reasonable flat corrective up; 3-3-5 not too much of a struggle. Regardless, the right move is to sell this bounce. There should be new lows before any chance of new highs. BC