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To: Bull RidaH who wrote (9031)	8/5/2001 8:00:29 PM
From: JRI	Read Replies (2) \| Respond to of 209892

Bull- Am I correct: Does your chart show that Fri completed "c" up (maybe we get a little blip up Monday), but that primarily (according to you) we've got a couple days down then "a" coming right here.... And that the end of the forthcoming corrective "b" may get QQQs to 41-42, cooinciding with Aug. expiry, 41-41 just happens to be Max-Pain.....imagine that....looks like your "a & b" would get us there, no?

To: Bull RidaH who wrote (9031)	8/5/2001 9:11:01 PM
From: skinowski	Respond to of 209892

Bull RidaH, the EWI guys count the April low in NDX as completed 5 waves, and the current ‘grind’ as the B of an A-B-C. You count April bottom as ‘3’, and you see us presently (if I understand correctly) in wave 5. However, since your proposed wave 5 appears truncated, there is, practically speaking, no difference between the counts, since both of them call for the next intermediate trend to be up. Please correct me if I am wrong.