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To: nspolar who wrote (115088)	3/20/2005 9:46:51 AM
From: skinowski	Respond to of 209892

Northerner, now I understand where you are heading... Btw, nice to have an opportunity to kick around some Elliott stuff this weekend... we should do it more often. We all know that nothing is impossible in this game (except for being right all the time -g). It is true that there is something "threeish" about the advance from the low last August - and - yes - it could turn out to be a sharp "B". But still, even if Mr. Market does decide to morph the entire action since January 2004 into a rare running Flat -- I still don't like the idea that the "C" is almost done. Just take a look at the NDX weekly - Does the last few month's action look like a completed impulse? To me, it does not. Overall, it looks more like a three-waver, especially with that fresh new low last week. (Could it be that - on the daily - we are having an Exp. Flat since last Jan 24, with a "C" up ready to begin?... g/ng) In any case, imo, there is precious little in the charts of the major indices to inspire any big commitments at this time. If anything, with an outlook for the next several months, I'd say the short side looks more attractive.