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To: skinowski who wrote (49726)	8/11/2002 12:23:55 PM
From: skinowski	Respond to of 209892

I like the $24 price level on the QQQ’s. If indeed NDX is tracing a zigzag up from last Monday’s close, this $24 level (NDX 960) is where 1) Wave A equals C, and 2) the advance achieves an ~78% retracing of the preceding decline. The last series of intraday wiggles on Friday looked like a wedge / triangle con breakout on the majors, prob. likely 5 of 3 of C. Would not be surprised by one more (wave 5) little up swing tomorrow, after some weakness. Mat Onischka… I have difficulties dealing with his ABC-X-ABC down count on the daily DOW. I like his alternate count in the ‘blue’ better. 216.239.39.120 On NDX, 926 and then 913 are the support for the short term up action. 216.239.39.120