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To: velociraptor_ who wrote (1118)	6/14/2002 12:09:49 AM
From: Stockdoctor	Read Replies (1) \| Respond to of 10157

OPEX is option expiration ramp that we have seen the past few months. Noticed Greenspan gave $16billion in repos last couple of days...wonder if the ycome into play.

To: velociraptor_ who wrote (1118)	6/14/2002 12:27:46 PM
From: chris714	Read Replies (1) \| Respond to of 10157

Velo: I'm getting a little confused ewave-wise with the bigger picture. I'm guessing that one or more of my assumptions must be wrong...but here goes: 1) We began an upcycle wave(4 possibly) off the Sept 21 2001 lows 2) That move has been corrective---implying that we are still in a longterm downtrend---with at least a wave 5 down to follow 3)So I was assuming that Sept 01-Jan-02 was wave A of the ABC corrective..wave B down began in Feb 02..hasn't ended and wave C up to follow....whereupon a larger major wave down will begin once this ABC corrective wave ends. Now you are saying that all these moves are ABC..which implies corrective... BUT we have now gone below(NDX anyway).....our ABC beginning point( Sept 21, 2001).. How can this be possible?? What am I missing Velo? TIA Chris