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To: The Freep who wrote (5612)	6/21/2001 7:31:05 PM
From: UnBelievable	Respond to of 209892

Good Point Freep The B To B Will Max. Out When The Bottom Is In, I Guess What is 1/0? IMHO Futures don't mean much when the market is closed. The Boyz are just running the stops on the overnight longs.

To: The Freep who wrote (5612)	6/21/2001 11:03:30 PM
From: AllansAlias	Read Replies (4) \| Respond to of 209892

What can violate it? Well, it's quite simple for me. I would be looking at the top of the putative wave 1 -- if that falls then we are turning down. The wave 1 of this rally leg was Thursday. I am off to bed having been out all evening, but I'll post some levels tomorrow that we can watch for the sign that we are headed to hell in a hand-basket. Sentiment tells us buying here is risky.

To: The Freep who wrote (5612)	6/22/2001 9:15:56 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

Freep, Regarding the level at which I would start to worry, it's around COMPX 2040. The up scenario says we are still in the powerful wave 3. The futures are up, but I am not biting. At this point I am looking for this to be part of a correction. If we take out the old highs with conviction, then we are off again, but remember that we can make a new marginal high as part of a 'flat' correction -- this often happens. So, for now, I am looking for up out of the gate, maybe a marginal new high, then another fall. At that point we are either off again in our wave 3 up, or, well, the hand-basket thing...