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To: Shack who wrote (69468)	3/24/2003 12:10:47 PM
From: jjstingray	Read Replies (1) \| Respond to of 209892

Isn't it a iv until it is not. Until that red line is gone, how can you rule out the iv? stockcharts.com[e,a]dhclyyay[dc][pb5!b15!f][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14!lah12,26,9!ll14][J11057588,Y]&pref=G

To: Shack who wrote (69468)	3/24/2003 12:16:14 PM
From: Perspective	Respond to of 209892

In jj's count, the "ii" was a flat, so alternation would say that you expect a sharp correction here. Granted, sharp "iv" is not the norm, but after a flat "ii" it would be expected, no? I'm so farking po'd this AM. Had the turn point nailed on COMP - wanted a headfake over 1420 and I got it. However, I translated it into 27.45 on my QQQs. We got within pennies, for less than 30 min. Friday. I'm so farking gun-shy right now I couldn't pull the trigger manually. Would have made a nice month's salary covering this morning, without even giving any thought at all to the re-entry. Grrrrrrrrrrrr.... BC

To: Shack who wrote (69468)	3/24/2003 12:20:47 PM
From: The Freep	Respond to of 209892

Shack, I did mean "iv" rather than big 4, but as I have said a bunch here...I don't have a count that's of any use to me. I am not a believer in the biiiig up concept here and now, but I also have a hard time thinking we reverse straight down from here (despite some of the candle patterns we may draw after Friday/today). I dunno. I think it's all dicey, so I'm just trying to scalp around my QQQ puts for a spell. If we keep descending at this speed, obviously I won't try for the big next wave. If we start chopping around to a decent support level, I'll probably hold my nose and try a long or two. In the interim, I'm just looking for decent individual stock entries.... the freep

To: Shack who wrote (69468)	3/24/2003 1:02:00 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

<<What are people seeing that leads them to think it is a '4'.>> FWIW i"ve been seeing ( in all major indexes): 1. Two waves completed since Oct lows - either A-B or 1-2...(do not buy theory we are in some way still correcting off of July lows) 2. We moved in March into either a C or 3 up 3. On the 60-min, three waves completed since Mar 12, and we COULD now be in a 4....... ......IF SO, we could now be heading for retracement (on the Dow): - Of the preceding wave 4 of lesser degree - to 8131 - To just above the wave 1 high - at 7931 - Of .38FIB 1100 point advance from 3/12 - to 8099 Based on that, looking for pullback to around 8000/8150 -- maybe to support at 50 -day SMA. EDIT: Any and all more expert than I welcome to tear this apart!!