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To: velociraptor_ who wrote (4636)	10/22/2002 11:53:50 AM
From: illyia	Read Replies (1) \| Respond to of 10157

So I should cancell those :o( rally calls I am bidding on? I would hate to be caught holding way-too-many puts... If we correct properly, this could be extremely profitable... but I (geez) cannot shake that feeling.... StockCharts are up again... would you mind terribly posting a chart of our current state of market? Dow is my baby, but heck, they are pretty much all the same... Thanks Velo!

To: velociraptor_ who wrote (4636)	10/22/2002 11:56:02 AM
From: TE	Read Replies (1) \| Respond to of 10157

Velo, you see this count? any thoughts to its validity? TIA Message 18139880

To: velociraptor_ who wrote (4636)	10/22/2002 12:59:36 PM
From: mansan	Read Replies (2) \| Respond to of 10157

Velo, here is my take; This corrective move could be either March or August high of this year. 1) The Comp retrace about 62% of August high, we are now either wave 3 or 5 downward toward a lower low. 2) If this is a corrective move of March high then wave A was probably completed yesterday. Wave B started this morning. It will probably retrace 500 pts or more in the Dow off yesterday's high, then C up to around 9350. Now the question is how do we know if it is just a B and not a 3 or 5 downward? Will 5 waves impulse move downward enough to eliminate wave B? Thanks, Manny