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To: velociraptor_ who wrote (58088)10/30/2002 5:10:15 PM
From: Shack  Read Replies (1) | Respond to of 209892
 
Its mine as well Velo. The other possibility that I have is that the Aug 22-Oct 10 dump was a '1' of an extended wave and we are putting in a '2' here. I am definitely counting the SOX that way.

If the Citigroup count is correct it will be obvious. The most notable technical breakdown which would likely occur fairly quickly is that the breakout above the May downtrend lines on the SPX/DOW will fail giving us a clear 'hound' signal.

And folks round here should forget about buying the 'pullback'.