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To: Shack who wrote (117788)	4/27/2005 11:39:21 PM
From: The Freep	Read Replies (2) \| Respond to of 209892

I think what MC is saying is that within the 3 down, which he doesn't have as done, there can be overlap of the 1 down. If this is the iv of 3 it's okay. if this is the 4, it's not okay. It is certainly possible to count the SPX as having done 5 waves down into last week's low, even though the 2 and look a lot alike. However, since you mention the OEX... did it make a oh-so-slighter high on April 12th? What if that is actually where we need to start counting from? Yikes. As if I wasn't confused enough.... It's all degreeeeees, man. the freep

To: Shack who wrote (117788)	4/27/2005 11:44:43 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

IMHO that 1164 was part of a subdivision of 3 down....It wasn't marginal; it was irrelevant.. I might have a problem if we overlap 1171.12.....that would be (iv) of 3 overlapping (i) of 3....