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To: skinowski who wrote (7470)	7/18/2001 3:36:27 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Yeah , I'm inclined to agree but the 'c' is incomplete. Also I keep looking at the July 11 rally and can't find a decent 2nd correction so I am open to the idea of it being 3 waves (The SOX looks more like a 5-waver to me).

To: skinowski who wrote (7470)	7/18/2001 3:47:20 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Tend to agree with your scenario -- but then I've been a raging bull....In any event, believe critical point now is July 11 low. If we break that, then - taking off my EW hat and going back to old-fashioned TA - believe we may be headed for the count from that Head&Shoulders pattern still there from May-June - and that, I figure, would be around 1840. That would seem to give us an a-b-c-x-a-b-c correction off the May 23 high -- which, if I'm not mistaken, is what Shack has been looking for all along.....