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To: Shack who wrote (128460)	1/25/2006 6:04:13 PM
From: skinowski	Read Replies (4) \| Respond to of 209892

Agree - SMH looks like it wants to snap up. The decline looks "three-wavish", and it does seem to be wedging down in its later part. $SOX is a shocker - How come it is so different from SMH? Not sure what to make of it. Semis were dancing to a different music for 2 years now... not sure they are an indicator for the broader markets.

To: Shack who wrote (128460)	1/25/2006 6:20:21 PM
From: Henry J Costanzo	Respond to of 209892

<<I too am completely uncertain as to what to label this down wave.>> "Fools walk in.......>>..LOL...and here I am. Looking at the SPX and NDX 30 min wiggles....what's wrong with labelling the decline from Jan 11 an a-b-c wave 2 down, off of the end of year low..?? I think you can easily find 5 waves down in the c beginning Jan. 19. By my reckoning that would be part of a 5-waver C up off the October low.....all part of the final 5 of V from 2002..... and all as shown repeatedly in pretty pics posted here...LOL The INDU has such a different shape from everything else in 2005 that I wouldn't spend any time worrying about it...