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To: hawkeyefan who wrote (125065)	10/14/2005 5:45:29 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

<<Otherwise you just assume it is a 3 wave correction of something.>> Why should you do that? You will have had 3 waves up and a 4 down....and have entered a 5......And that 5 has developed into 4 overlapping waves (1up, 2down, 3up, 4 down) ..Don't see how you could think any of this is a 3 wave correction.......??? <<Went long this morning again. I am being stubborn, I know.>> IMHO you're being pretty smart.......Posted a little earlier I think yesterday was an important low before a move to new highs (the 5 up of the ED we've been talking about)... But, Hawk, bear in mind that, unfortunately, MHOs have been known to be wrong......(occasionally......LOL) PS.....In my answers to your EW questions, I assumed we were dealing with a bullish case.......You can have the same in a bearish situation......just reverse... Got some hockey over the weekend ?? Good luck...We're off to Oswego tomorrow.....