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To: bcrafty who wrote (60123)	11/21/2002 8:42:20 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

Bcrafty, the line on the triangle pattern held Tuesday just before the close. Once that held, I believe they bought it like there was no tomorrow, as the next move after that touch measured to 99 points above the 1071 level on the NDX chart.

To: bcrafty who wrote (60123)	11/21/2002 8:43:05 PM
From: marginmike	Read Replies (3) \| Respond to of 209892

frankly I believe that the war on terrorism is being percieved as going well. I think Bin Laden Tape and Al Qaeda tape was viewed as sign of weakness, and the lack of any follow through attacks have taken some of the terrorist threat out of market. The capture of two Al Qaeda brass and Iraq political victories have taken some fear(wrongly IMHO) out of the market. This with rampent bearishness has created this rally./

To: bcrafty who wrote (60123)	11/21/2002 9:22:28 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

In EW, triangles are a mixed blessing… They are likely to resolve into the direction of the prevailing trend, in other words, they are continuation patterns, which is bullish (in this case). On the other hand, they usually turn out to be waves 4 or B – and in both cases, of course, what follows after the breakout is a reversal. In either case, they tend to precede the completion of a move. Here, the $$$ question is: would this triangle be a ‘4’ or a ‘B’. In the second case, the breakout is a Wave C, and as such, may go on. If it is a 4, it may be close to being over. I would defer to other resident wave counters to do the labeling at this time. My guess is that it is more likely to be a 4, and close to the end of the move, but I am not sure.