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To: bcrafty who wrote (31547)	2/19/2002 1:14:42 PM
From: velociraptor_	Respond to of 209892

Hard to say where the Nasdaq is exactly. It could be the 5th wave, but right now, it looks more like the 3rd is in progress and everything leading up to today was merely only the 1st. A look at the hourly chart shows that there was only 1 decent bounce since the last high and that came on Friday midday. bigcharts.marketwatch.com Also, the chart pattern is very impulsive to the downside and extremely weak for this index. We could easily see the low 1700's by Friday if this continues.