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To: JRI who wrote (78560)	8/6/2003 5:29:07 PM
From: Shack	Read Replies (2) \| Respond to of 209892

I suspect we bounce soon yes, but after today's close I am very close to being on board with the top being in. The internuts lead this thing up and I think it will be a good clue as to when the broader market tops. Well the $DOT gapped down clean over a H&S neckline this morning. I thought it might prove to be a headfake and recover but the close has me rethinking that. For now that chart looks majorly hosed and I will be shorting some of those pigs on a bounce. To your point though, I can't see that much of a bounce there or the H&S would hound. My problem with a top being in? As has been mentioned all too many times...Smelly looks OK/bullish. That's a big discrepency.

To: JRI who wrote (78560)	8/6/2003 5:35:20 PM
From: the-phoenix	Read Replies (2) \| Respond to of 209892

Are we allowed to talk about wiggle counts, here? <G> I think we started either a 'v' or 'e' down this afternoon in the wiggles (depending on index and/or your count). Either way, looking for at least a minor new low tomorrow, then a turn back up. As was previously stated, depending on whether the up looks like a corrective chop higher or a launch will give us some better clues about how high it will go and whether wiggle longs are the next play. All JMHO, of course.