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To: The Freep who wrote (125522)	10/28/2005 3:23:15 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Thanks, Freep... As for me, guess today simply further confirms me in my view that SPX... .......... wave 4 down of V up (from the 2002 low) has been completed... ...........we are in the early stages here of wave 5 of V up..... ...........tentative maximum target from here is now 1278. .. (All as shown in several charts I've recently posted).

To: The Freep who wrote (125522)	10/28/2005 3:51:19 PM
From: skinowski	Respond to of 209892

I think that lately Elliott waves rule -- probably because during market declines people become more emotional. Take a look at the gorgeous impulse on the 15 min chart of SPX which completed yesterday at the close. Where it will eventually fit in in the scheme of things is another question.... but SOME sort of a bounce today was not hard to expect.

To: The Freep who wrote (125522)	10/28/2005 5:55:13 PM
From: Shack	Read Replies (3) \| Respond to of 209892

The OEX has an inverse H&S look about it, but nothing else does. As per usual the indices' charts are garbled. I can't help but think the MMM chart is the best clue for a major rally evolving, as I wait in vain for a pullback. I did get screwed on this KLAC gap down, although it got bought pretty quickly. May be salvageable. My EMC, BAC and SCH continue to look very strong. I also noticed that the commercials aren't even short the large SPX contract any longer. When have we ever seen a major decline under that scenario? None that I remember.