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To: bcrafty who wrote (109438)	11/24/2004 9:42:00 PM
From: Henry J Costanzo	Respond to of 209892

<<.... you mentioned earlier today that the major indices look to be completing a "b" off the 11/17 high, and while I don't disagree with that, I'm wondering what your bullish alternate is..>> BC....I am assuming the 11/17 high was a 5-wave (c) up from the Oct low. The principal alternate I can see......and which I am NOT yet buying.....is that the 11/17 high completed only 3 waves up, that Monday's low was the 4 down, and that we're now moving in 5 up of the (c) from Oct.......That could mean a little more upside here ..(before the onset of my dreaded big C down.....g) This could be cleared up in Friday's session.....when I won't be around here to see....if your post-T-day rally shows up with any strength........g