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To: AllansAlias who wrote (13361)	9/13/2001 11:07:41 AM
From: velociraptor_	Read Replies (1) \| Respond to of 209892

Allan, Of course it is a scenario that cannot be disregarded but given the status of world markets, and factors of our own economy, it is not likely. The apparant consolidation range in the DOW could easily be counted as a wave 1 decline off a 5th wave top, followed by a very complex wave 2 that has encompassed the bulk of the consolidation. The move off the May 22 top could be the start of wave 3 down with the move off the early Aug highs beginning the wave 3 of 3. Unfortunately, hindsight is the only true method of counting in EW.

To: AllansAlias who wrote (13361)	9/13/2001 11:12:29 AM
From: marginmike	Read Replies (3) \| Respond to of 209892

theage.com.au he says it a litlle better then I

To: AllansAlias who wrote (13361)	9/13/2001 11:18:35 AM
From: Ken98	Read Replies (2) \| Respond to of 209892

Allan, the sharp drop in consumer confidence reported this morning would appear to make a push to new highs difficult: <<10:05am 09/13/01 UMICH SEPT. CURRENT CONDITIONS FALLS TO 93.5 FROM 101.2 10:04am 09/13/01 UMICH CONSUMER SENTIMENT INDEX AT LOWEST SINCE 1993 10:05am 09/13/01 UMICH EXPECTATIONS INDEX FALLS TO 77.2 FROM 85.2>> <<9:50am 09/13/01 UMICH SEPT CONSUMER CONFIDENCE 83.6 VS 91.5 - BLOOMBERG >> I wonder what the effect of the bombing will be on these numbers - you could make an cogent argument either way. Ken