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To: AllansAlias who wrote (57548)	10/23/2002 5:02:49 PM
From: NOW	Respond to of 209892

i knew you were lurking....

To: AllansAlias who wrote (57548)	10/23/2002 6:35:01 PM
From: skinowski	Respond to of 209892

Looks like SPX - after having made an impulse advance - may be trying to draw a (Wave C on hourly?) broadening ED. And why not? Uncommon formations fit for unusual times...

To: AllansAlias who wrote (57548)	10/23/2002 7:08:00 PM
From: At_The_Ask	Respond to of 209892

Well?

To: AllansAlias who wrote (57548)	11/1/2002 7:51:51 PM
From: Perspective	Read Replies (1) \| Respond to of 209892

AA - you taken a peek at that long-term BKX again lately? It's looking like the wedge failure may be reversed a second time, no? The thing that bugs me the most about this rally is the extraordinary similarity to the July-August rally. We should have guessed we wouldn't get the simple dip like the one in the middle of that three wave pattern up - you can't have things repeat precisely like that. So, what does that imply? If it really is a flat of sorts, this is the impulse we're in now. Are we ending the impulse, or are we just in the 2 of the impulse? Seems very unlikely that the BKX can get away without some sort of retracement of the run from 600-780. 800 is stiff resistance. Smelly just keeps grinding higher, and doesn't look done. If it clears that 320 resistance, 350 should act like a magnet. Things aren't doing exactly what I'd expect here. S'pose I should step aside and be patient until it becomes clearer. Seems like plenty of magnetic numbers 2-4% up from here on most major indicies, so maybe I'll pick up a hedge to see if I can grab that last little bit. Yargggh. I'm rambling. We have clearly rallied going into the Fed rate cut, so I expect a reversal coming out of that. Maybe that'll be the turn I'm looking for. BC