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To: Henry J Costanzo who wrote (123432)	8/29/2005 10:03:09 PM
From: Shack	Read Replies (2) \| Respond to of 209892

Hmmmm...get the spotlights out so we can see those charts! I'll start with the lower one since we've discussed it ad nauseum. You have posted the bear count which I have seen David post as well. I think your 1-2-(i)-(ii)-(iii) is a complete a-b-c-d-e corrective and we are pointing up again. This dead horse is taking a beating from me.-g As for the first chart, well assuming I shift your time scale its just the same one right? Looks like you have an early July high which is not possible. I am giving bully one last shot here. BTW, GE is the stock to watch here methinks.

To: Henry J Costanzo who wrote (123432)	8/30/2005 8:51:58 AM
From: Moominoid	Respond to of 209892

Interesting. Was wondering whether the move down here is a leading diagonal but gave up when I saw how many counts are possible. As for the larger corrective since 2004. That is certainly still one of the options in the NDX/NAS. We are now in wave E of the triangle by that count. However it doesn't work for SPX, because the end point of the correction, which would be very close would not result in a net correction of the early 2004 high. That's one reason I don't favor it for NDX/NAS.