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To: The Freep who wrote (57021)	10/18/2002 10:23:47 AM
From: Shack	Read Replies (1) \| Respond to of 209892

We are recovering nicely here and we do indeed look like we are trying to put in another leg up. The DOW is trying to regain the broken UT line off the lows as we speak.

To: The Freep who wrote (57021)	10/19/2002 2:22:51 AM
From: mishedlo	Respond to of 209892

Freep It might be a tennant of Ewave but the thought is silly. As long as this or as long as that doesn't offer anything useful. A statement of more use might be IF 900 gets taken out this we look for a test of the next higher level at 990 or whatever (just making up numbers here as I type). But a statement that says if todays low hold we are going higher is senseless. Of coure. Every day I could make such a similar statement that would be true. Try this: if 870 on the spoos holds we are going higher. If 900 holds we are going lower. Also true. if we do not eventually take out 900 I am confident we will go lower than todays close somewhere down the line. I do not see how statements like this are of any use. Might just as well say: If the sky is blue the sky is blue. If the thought he was trying to express was: If 777 or whatever does not hold, my wave count is incorrect, well that might be more meaningful. Right now I really do not see the use in the statement as made. M