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To: J_K who wrote (28889)	1/21/2002 12:12:00 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 209892

I'm a bit puzzled by that count. It looks like an impulse but then he has a-b-c labels. I guess he is unclear if he wants to call it an impulse or not, as is everyone else. If it is an impulse the huge 3 would imply that he is only looking for 150 points for V( rough equivalent of i). For my sake I hope he is right. Does he call for an impulse up to follow? If possible, Shack, Velo, AA, or whoever sound off on that chart.

To: J_K who wrote (28889)	1/21/2002 1:15:01 PM
From: Berney	Respond to of 209892

I would like to thank all the posters on this thread for their time and energy in posting their observations. I know it is not easy to maintain positions and contribute to this thread and want you all to know that it is appreciated. I know less than a newbie about e-waves and feel I'm learning from all your time and commitment to helping others. Thanks. I would point out that Onischka's target is interesting in that it simply represents a 38% Fib retracement from the 9/21 low of 1089 to the 12/6 high of 1735. I compute that target to be 1,488, with a 50% target of 1,412, and a 62% target of 1,336. I have been conditioned that a 38% retracement is "normal, reasonable and to be expected." A bounce at that point would undoubtedly create the sentiment change to provide the bounce that would lead to the next move down. Based on closing and opening gaps, I believe we have gaps that are unfilled from 11/2 at 1,426 and 10/30 at 1,342. Is it more than a coincident that the lower gap is at the 62% retracement level? I think not, but also don't believe we'll see it filled until late March; but, feelings can change. In any case, being a "chart-chaser" at heart, I see 1,557 as the base of the failed pennant, which projects to the 1,379 area. Until we get above this line, the direction will not be up. Just a View from the Swamp Berney