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To: Jack of All Trades who wrote (117659)	4/26/2005 8:17:10 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

I think it could be a valid triangle... if it completes the pattern. The implication of a triangle is that it's like our iv/4. If it doesn't complete, it could be that bearish ii of 3 down that Shack yakked about before he got all bullish on us <g>. Could be that if it's a triangle, Shack was just one move too early.... the freep

To: Jack of All Trades who wrote (117659)	4/26/2005 8:49:54 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

As Freep said, this formation may end up tracing out a triangle, and that would be fitting as wave 4. But it may also form something else... If it goes down tomorrow, the consolidation may have been a wiggle double zigzag from Apr 20 low. Note that the major indexes closed not far from the trendline out of that Apr 20 low. If the action in AM starts out bearish, I think it may mean that the next leg down may have started at today's high.