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To: mishedlo who wrote (71541)	4/16/2003 7:42:05 PM
From: Shack	Respond to of 209892

Its very different mish, I have never liked his SPX count. He has been tracking the move out of the July lows as a large Elliott triangle, a count I have never liked due to the fact we had a 5 wave decline from August into October (his 'B' wave). That wave was impulsive and likely not part of any triangle. I believe the corrective up needs to be started from the Oct 10 low, not the July low. As a result, he is sitting with is in an 'E' of this large triangle which he believes will terminate the correction and we now head to new lows. I am not in that camp as I believe that after a fairly harsh dump here, we will go back up. I'm not married to it but I do not see new lows coming here, unless they are only marginal (which I have as a very real possibility).