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To: At_The_Ask who wrote (68156)	3/9/2003 7:27:32 AM
From: the-phoenix	Read Replies (1) \| Respond to of 209892

ATA - Per your SPX Weekly ED - why would the pattern start where you show it starting? There does not appear to be anything remarkable about that minor high on the way down through 2000-2001. TIA, Phoenix

To: At_The_Ask who wrote (68156)	3/9/2003 7:44:22 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Your scenario may indeed turn out to be correct, and it should be watched. On the other hand, there are other legit interpretations... some see us in an unfolding W3. It seems that the daily time frame right now is very difficult to interpret. Here is an SMH 60min of about a week ago (showing more detail), followed by a current one – both presenting the short-term bearish case: ttrader.com ttrader.com