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To: At_The_Ask who wrote (57841)	10/27/2002 9:17:53 AM
From: Moominoid	Read Replies (1) \| Respond to of 209892

Here is a more bullish SPX count that seems to match the patterns in the stochastics. Only prob is what seems to be an impulse wave in the middle of the triangle. Dow would have to have an expanding triangle. But again that impulse is there. I can think of an alternative interpretation but it is stretching things. So maybe your count makes sense up to wave 5. The most natural interpretation of your wave 1 down is a triple I think which can simply be the first wave of a triangle or flat correction. You might as well label it A in your diagram. Why 1? A big down is hard to support on the basis of lower frequency charts/oscillators I think. rpi.edu