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To: the-phoenix who wrote (4637)	2/15/2006 10:35:08 PM
From: skinowski	Respond to of 41499

(hell, make that everything since November) Interesting that the SPX pattern since last November is very reminiscent of the one from early June 2005 - in a slightly smaller version. If this analog holds, the index should be ready to turn down - and the high of Jan 30 should NOT be taken out. Curious. We'll see in the next day or two.

To: the-phoenix who wrote (4637)	2/15/2006 10:44:15 PM
From: skinowski	Read Replies (1) \| Respond to of 41499

The advance from the 2002 low may in fact have been the "B" wave - to correct the "A" decline from the 2000 top. One thing is for sure - those structures are to large to trade... life is too short to wait to be proven right or wrong on multi-year waves. Imo, one consistent pattern which is on the table this year is the 4 year cycle. Hardly anyone talks about it now, but everyone will be chattering away about it once the decline begins for real. Hopefully, it will also lead to a good buying opportunity.

To: the-phoenix who wrote (4637)	2/16/2006 12:54:22 AM
From: Shack	Respond to of 41499

We've got bulls for sure, but I think there's only me and Freep in the pure "melt-up" camp. Hey man, if the bears can show me something...ANYTHING....I'm willing to switch. So far they haven't made a single lower low in any significant time frame on the SPX. Meanwhile that index is 14 points from yet another 5 year high. I'm not sure if trend traders are getting "killed" but it has indeed been a slow advance for the broad indices if that is what they're playing. But there are some raging bulls going on beneath the surface in many names, I guess there always is to some extent. Now we see if the SPX can escape the clutches of the rising wedges or if it will succumb to gravity. You know my position.-g BTW, that C down scenario of which you spoke got some talk on the mother thread today, if and when SPX 1250 ever gets taken out that would be my favoured. Its my alternate for now.