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To: Galirayo who wrote (112272)	1/22/2005 11:08:34 PM
From: M3SMG	Read Replies (1) \| Respond to of 209892

Here are my thoughts to Steve's ?: investorshub.com Also, if this was an abc down off 12/31, we did what could have been an ed 5 into the close Friday where c was .786 of a.

To: Galirayo who wrote (112272)	1/23/2005 10:16:06 AM
From: steve from ihub	Respond to of 209892

all thoughts always welcome Ray. I try to use a bit of all forms of TA. it is obvious that ive got a lot to learn about EW though and this is a great place for me to pick up some of that knowledge. there have been multiple pivot highs or lows in the 1475-1520 range over the last year. i think the market has good odds of another one this week. take out the 200dma and 2005 will have gotten stinky ahead of my schedule and im one of the furriest bears on these threads (gg). this game is never easy.

To: Galirayo who wrote (112272)	1/23/2005 11:00:20 AM
From: cthruu	Respond to of 209892

4th wave pullback fails below 1440.81 or 1474.70 depending upon whether you label 1445 as 1 or iii of 1; OR 1475 as iii of 1 or i of 3. 200 EMA is at 1483.60; 200 SMA is at 1468. Gann 1:1 down leads to 1452 where it intersects Gann 1:4 up from pivot low on 8/12. The support from 1:2 intersection I had posted a couple of weeks ago gave up on Wednesday's reversal. Before it reaches there, the 200 MA support(whichever you believe in) comes in play. i of 3 impulse wave from Sept-Dec peaks at 1474.70; that also comes in picture. ttrader.com\'s%20charts&id=879&d=2 I believe it will depend upon what happens in Iraq next Sunday. 1st week of February should certainly be a rally - I do not know if it will sustain.