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To: AllansAlias who wrote (26817)	1/6/2002 12:59:58 PM
From: Shack	Read Replies (3) \| Respond to of 209892

Have you abandoned the idea that this abc off the Mar/Apr 2001 lows is a '4' up in the series instead of a 'B'? I am very surprised that Prechter believes the Sept low was an impulsive low.

To: AllansAlias who wrote (26817)	1/6/2002 3:35:40 PM
From: john722	Read Replies (1) \| Respond to of 209892

Allan. The Question Should Be Is This a running flat ABC or an irregular flat with an extended C Wave. Some rules I've read say that a running flat is usually a Wave 2 or B, so the odds are against it. If we are in an extended C Wave of the ABC from the 4/4 low, we have a nice bounce to come after a correction. Maybe 9/21 was the bottom of an ABC Correction which began on 3/10/2000. I don't see 5 waves from 5/22 - 9/21 though and that is what bugs me about 9/21 being the end of the correction. I know the Prechter guy called it a 5th, but I don't see it. It does fit that we are completing a 4th wave of an impulsive with the 5th to come (this is one count I don't see any reason to dismiss). Your thoughts on this appreciated.

To: AllansAlias who wrote (26817)	1/6/2002 5:58:44 PM
From: velociraptor_	Read Replies (1) \| Respond to of 209892

Allan, I agree whole heartedly about the B wave. There is absolutely no way that either the move from 1620 to 2328 or from 2328 to the 1385 lows can be counted as 5 waves in the Nasdaq. I have not seen a count anywhere on this that is a valid 5 waves. There is too much overlap in the end of therise into 2328 and at the start of the drop from 2328. I also don't know of any corrective waves that end with only 3 waves. They are always 5-3-5 zigzags or 3-3-5 flats which means that they always end with 5 waves, not 3. I read the bull boards becase I like to get opposing opinions, but no one ever seems to address this in their camp. I think only 1 time I got a reply where someone claimed you have to make exceptions to the rules as they think Prechter's rules are incomplete. I think it's hogwash. I really can't see the possibility of this being anything but a c wave, nor can I see a new bull starting from these levels and valuations.