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To: Shack who wrote (7216)	7/16/2001 10:00:16 AM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

NASDAQ is refusing to make a new low here. If it does, then in the smaller timeframes we would see 5 waves off the top, suggesting that we are in a larger correction with a 'b' up to come after the new low. This makes this morning's opening exuberance the last kick of a 4. This is favoured. If we do not get the new low, then we'll see 3 off the top suggesting that the correction is over. edit: NASDAQ printing a new low now and is being lead by smelly. So, this down move is either to complete an 'a' or a '1'. Note that non-tech is not confirming the new low print (yet -g).

To: Shack who wrote (7216)	7/16/2001 10:06:09 AM
From: The Freep	Respond to of 209892

I guess it's a battle between Smelly and Rummy today. I am not much of a candlestick guy, but I was looking at this SOX chart this morning. If y'all will pardon a non-E wave TA question/observation/whatever. stockcharts.com[w,a]dcclnymy[dc][pc13!c34!i!d20,2!f][vc60][iUb14!Ua8,17,9!Li14,3!Lp14,3,3!Ll14!Lm12] The candlestick pattern of the last two days seems to appear a few times on this chart -- huge white candle followed by a small black one (with a high above the white one). It hasn't boded well at all, appearing at a bunch of the highs on the chart. I am off to litwick.com to find the name of this pattern, but can anyone else look at this chart and see, other than the stochastics being different, what else is different this time around, or are we gonna repeat this pattern? thanks, the freep