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To: Shack who wrote (121748)	7/8/2005 6:07:43 PM
From: illyia	Respond to of 209892

Nice discussion... i.

To: Shack who wrote (121748)	7/8/2005 7:13:37 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

I don't think we differ, really. I am not a believer that outside events determine markets -- it is the same public mood that determines both -- the markets AND the outside events. I am not saying anything new here - this is, of course, the Elliottian "orthodoxy" - and I am convinced that it is correct. Still, the way the crowd went into a feeding frenzy yesterday was a little distasteful. (Of course, a man must do what he must do - I covered my short SPY's yesterday before the open - g/ng). ....I guess we are getting used to the brave new world of terror attacks. After 9/11 I knew quite well what was going on, but didn't trade - the thought of capitalizing on that tragic event nauseated me. I wrote this post below just about exactly when the markets bottomed after 9/11... but didn't buy. Stayed away. Message 16394117

To: Shack who wrote (121748)	7/8/2005 11:11:32 PM
From: Henry J Costanzo	Read Replies (2) \| Respond to of 209892

<<.... I have much of the market heading into a 3/C up.....>> ....and along those lines, here's my latest stab at counting the COMPX. If this count is valid, the long major correction from Jan 2004 was finally completed in April, and we are now in the early stages of a major 5-wave impulse up. I am calling the completed correction Major Wave IV, off the 2002 low,, and the new move up a Major Wave V (in keeping with my inveterate long-term optimism/bullish bias.....g). However, less exuberant types might prefer to label these waves as Wave B and Wave C, off the 2002 low... home.twcny.rr.com