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To: the-phoenix who wrote (127440)	12/23/2005 9:50:32 PM
From: Henry J Costanzo	Read Replies (3) \| Respond to of 209892

t-p.........here is a chart relaying,... as promised........my current thinking on the Waves. As earlier discussion on the thread tonight revolved around the COMPX, thought I would annotate and post a COMPX chart.....though I usually emphasize the SPX as most representative of the general market..... Flattered by your asking for my read.......but also a little edgy.....I am by no means the most well-versed on this thread in EW theory and application......But maybe my contribution can help us all in clarifying our thinking......and I am presenting it in that spirit...FWIW... OT........OK, Shack....proceed to tear it up....LOL home.twcny.rr.com EDIT....I see on the chart a little excess of l's in Elliott..gg ......Sorry, no way to easily and quickly correct that....

To: the-phoenix who wrote (127440)	12/24/2005 7:17:36 AM
From: the-phoenix	Respond to of 209892

Bad Link in previous post. Here is the chart: ttrader.com

To: the-phoenix who wrote (127440)	12/24/2005 11:01:57 AM
From: Shack	Respond to of 209892

No its not an Elliott triangle, was not meant to be. Its not an e-wave analysis per se, I'm just hi-lighting the potential bullish TA 'hound' which is the upward break out of bearish rising wedge. Your picture is uber-bearish of course, a scenario that I'm tracking but don't favour. For the record, the labelling within your ED should be 12345, even though the waves therein are deemed to be corrective. As Skinowski essentially said, whether or not this has "hounded" at this point is in the eye of the beholder. True enough, still could go either way. But we have had one successful backtest IMO. You have learned much young Grasshopper.-g