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To: skinowski who wrote (115053)	3/19/2005 11:58:34 AM
From: Shack	Read Replies (4) \| Respond to of 209892

When I look at the weekly charts of the $GSO and $DOT off the Oct 2002 low I see very little ambiguity from an Elliott perspective, 5 waves complete and a strong initial move off that top. It is my contention that whatever happens to the SPX or any of the broader indices, that those charts are clues to look south for the money moves, not north, at least in tech. But alas, given I am looking at the coming down as a cyclical (b) of B, anything goes, even a new high. I think trading is going to get a lot tougher.

To: skinowski who wrote (115053)	3/19/2005 12:17:25 PM
From: nspolar	Read Replies (1) \| Respond to of 209892

Not according to the easily accessible rules I have read SKI. <The B wave must be composed of three waves. The C wave must be composed of five waves. Wave C must be very short and normally will not reach the price territory of A. Wave C must not retrace more than 100% of wave B but more than 60% of wave A.> I think there may be a typo in this, and it should not retrace more than 60 % of A. If it does it follows the Modern Running Flat, noted below. In any event there is some disconnect between the two sets of rules for the same pattern, on the modern set. Look it up Mr. Elliott and let me know. <This pattern is exactly the same as a Running Flat, except for the fact that it must retrace more than 60%, if not we consider it to be a normal Running Flat. This distinction is necessary, because normally a Running Flat is rare. But if it retraces more than 60% and still fails to reach the end of wave A, it suddenly becomes much more probable the pattern will occur. In which case it will get a much higher score.>