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To: skinowski who wrote (111334)	1/6/2005 7:43:08 PM
From: Shack	Respond to of 209892

I completely agree, we could easily be pointed down. Need to see a bounce to gauge structure. The indices that look most like they have simply done an abc are the $XBD, the $DJUSHB, and the $RLX although I see lots of retailers that look simply brutal (TGT, CC, BBY).

To: skinowski who wrote (111334)	1/6/2005 7:50:08 PM
From: steve from ihub	Respond to of 209892

on an even bigger scale i have felt for the last few years that we are in a secular bear market and are winding down the first cyclical bull move in the secular bear market. i had this move topping out in august at higher highs. it took the indexes and extra 3-4 months to finally get there, but they did. now its time for the second major leg down in da bear that may well continue all the way to 2010-2013. of course there will be another 2-3 big cyclical bull moves yet to come before all is said and done