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To: velociraptor_ who wrote (8174)	7/26/2001 10:48:50 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 209892

Overlaps can occur in an impulse when you have an extension or an ending diagonal. Extensions are more common than ending diagonals, so I give that read the benefit of the doubt first. In this case, since naz appears to be extending it's third wave, the spx probably is too... Which means we saw wave 3 of 3 from today's lows... And we don't have a pullback to conclude it's over yet. So then we should see a 4 of 3 pullback, 5 of 3 rally, wave 4 pullback, and wave 5 rally... A process that should take a few days.