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To: Moominoid who wrote (121761)7/9/2005 4:43:07 AM
From: Shack  Read Replies (3) | Respond to of 209892
 
I don't really understand how one can be bearish here. The SPX is only a few points now from 4 year highs. We haven't even had a lower low!

To me the Oct 2002 bull move is still very much in force, its just been rotating around the market.

I think its about to rotate back to the semis now.



To: Moominoid who wrote (121761)7/9/2005 11:21:46 AM
From: Henry J Costanzo  Respond to of 209892
 
<<...3 waves in a wave C as in your Jan-Apr 2005 decline is rather unlikely..>>

You put your finger on one aspect of that count on which I had some question myself, David.

Would be interesting to have comments on that from some of our other EW experts.....g


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