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To: The Freep who wrote (82968)	9/26/2003 1:47:49 PM
From: marginmike	Read Replies (1) \| Respond to of 209892

considering the selloff they should be 1.20 not .99

To: The Freep who wrote (82968)	9/26/2003 1:57:10 PM
From: Shack	Read Replies (1) \| Respond to of 209892

Yes, noted. I am just having a real hard time putting a bullish count on the daily SPX right here except for the off chance the 5th wave off Aug 6th is either subdividing or going diagonal. No way I think we're subdividing up, the down days have been too large in breadth and volume, corrective waves are low volume as we all know. Same reason I don't buy minor Jell-O. Diagonal is a possibility but its too early to say and has such a low probability that its barely worth mentioning. The Meatball and the banks should be our focus for some clarity.