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To: NOW who wrote (65157)	2/2/2003 9:21:42 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

That's a good possibility imho. It would take out the Jan highs and then turn.

To: NOW who wrote (65157)	2/2/2003 9:22:52 PM
From: skinowski	Respond to of 209892

Hopefully Allan will comment… but I find it interesting that there are so many different legitimate ways of interpreting the same damn chart. Is this a weakness of the method? As for the chart in question, I recall that there is a concept of “Three bars away” before it is legit to draw a line through a reversal area. I think it was in Edwards and Magee, but I am not absolutely certain. Maybe Murphy. The point is that the author of this chart drew his lower line through a very hypothetical bottom – the low of one single day. If (IF) the market goes on up from here, and does create something passable as a wave “E” – I think that this scenario may acquire strength.