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To: The Freep who wrote (82961)	9/26/2003 1:32:13 PM
From: Shack	Read Replies (2) \| Respond to of 209892

OT wiggles. I see 5 waves down on the SPX too (60-min), but take a look at that weak-ass iv. Wave 4's tend to have more structure, it was quick and sharp which is more characteristic of a ii. If that's true it means we began a iii yesterday afternoon and we are likely in the early stages thereof.

To: The Freep who wrote (82961)	9/26/2003 1:38:57 PM
From: Henry J Costanzo	Respond to of 209892

<<Well, now JJ -- mc did say 60 minutes, not daily>> ........You took the words right out of my mouth, Freep..g.

To: The Freep who wrote (82961)	9/26/2003 2:07:09 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

<<as the daily indicates?>> To fill in a bit on my daily take....FWIW.. I think that within the wave 5 up that we began on August 6, we completed 2 waves up on August 26 (SPX and COMPX) . Entering the third wave up, we then completed on September 8 a first smaller wave i , and are now in the smaller wave ii from August 26. BTW somebody said here recently that "a picture is worth a thousand words." I agree....and apologize for not being able to post a chart.......I'm sure you'll all agree that I'm a little too old to be learning TOO MANY new tricks..........g