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To: Henry J Costanzo who wrote (124047)	9/14/2005 4:36:42 PM
From: Shack	Read Replies (1) \| Respond to of 209892

The wedge was wiggly, formed over the last few days. Could still be operative but I don't see anything similar elsewhere. And since it fell from the wedge today, if it does not recover we are likely hounding into a (iii) of 3 down. But on the daily it does not look too bad as you suggested. A big chunk of trading is clues, and last night's discussion put forth some possibilities for IWM and the $MID which IMO are strong cases for a move back to and possibly below the August lows. All in the context of a correction of the April impulsive up. Really just a large wiggle.

To: Henry J Costanzo who wrote (124047)	9/14/2005 4:39:15 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Check this one, MC. The exact labeling of wiggles can be kinda "fluid", but I think it may answer your question, or at least help you envision the possibility. The last leg down is part of the potential "3". Imo, if today's intraday highs get taken out, the bearish scenario would be badly hurt. Message 21703031 The index retraced a Fibo ~38.2% of the preceding rally. Also, wiggles being what they are makes them a bit unreliable, but I submit that in this case they seem to be impulsive to the downside, rather than "threes". Such phenomena tend to suggest that Mr. Market may have bearish notions in mind.... -g