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To: skinowski who wrote (7725)	7/21/2001 10:08:58 AM
From: JRI	Read Replies (1) \| Respond to of 209892

Skinowski- What I find significant here: A "bullish" count would have a "3" starting after this corrective 2.... A "bearish" count would have us starting a "c" after completion of the "b".. Notice, both of these point UP....I find it quite comforting when BOTH bull/bear scenarios point in same direction...the trading Gods are going to make up for this jello, it seems. As well, following the "3" or "C"....we should have a correction and/or DOWN.....again, agreement, and should be a nice risk-friendly trade op. Of course, the wave nature of the "3" or "C" should let us know which is which. As a result, I have been stepping back some from the market (no big bets)as of late...waiting for this thing to sort out....I do like AA's preferred a-b-c-d-e conclusion of the "B" for now....and may play that some. Let's delta hedge up next week, and get the bears down to single digits, and then e into the August 5th turn, OK? But when you've got preferred scenarios (coming up), big moves that agree...well, that IS something to be patient about, and look forward to! (pardon bad grammar). (NOTE: I don't know any wave count that has us collapsing below old lows after this jello of the past couple months.....if so, anyone, PLEASE let me/us know toute de suite! ng)

To: skinowski who wrote (7725)	7/21/2001 2:53:17 PM
From: Shack	Read Replies (1) \| Respond to of 209892

I have to agree about the mixed signals. The bottom line for me is that I don't think sentiment is significantly bearish enough for a MAJOR rally to start, and I don't see enough bullish sentiment to create MAJOR down. Either of these could tip in the next little while but I am not betting on a sustainable move either way. That doesn't mean we can't get 5% moves either way as the bulls and bears sort things out. Home on the 'Range'