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To: Shack who wrote (7471)	7/18/2001 3:49:59 PM
From: skinowski	Respond to of 209892

...(The SOX looks more like a 5-waver to me)... Well, if the Q's don't stop the decline at 41, that would be indeed bearish. I noticed that AMAT today did not bite the dust with the market, which may be a bullish divergence... (May be). I did, BTW, get some yesterday pre-market, so far OK ;-), based on the logic in that post: Message 16083792

To: Shack who wrote (7471)	7/18/2001 6:43:19 PM
From: skinowski	Read Replies (1) \| 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).>> * * Looking at July 11 30-min, the QQQ's sold off into the morning, then rallied from approx. 40 to 41, and then declined for the next couple of hours, tracing what IMO was a wave 2 correction. Then they rallied into the afternoon and gapped in the morning in wave 3, etc. Re: the 'incomplete' 'c' today... To my eye at least, in a very unconventional way of thinking, the missing part of the 'c' may have played out after hours today, when the Q's traded all the way down to 41 and a fraction below... If (IF!) there will be a 'gap and snap' in the morning, the 'c' would also have a chance to complete itself during the market hours, "in print".