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To: skinowski who wrote (131538)	4/2/2006 11:58:38 AM
From: Moominoid	Read Replies (2) \| Respond to of 209892

Did you mean to say - until the Jan 11 top? I think the ED you describe is the "C" of an ABC starting out of August 2004. There are other reads, but this one imo makes the most sense for now. Yes to both. It is wave C on the SPX and NAS Composite. (a five wave up from 2002 interpretation is also possible for these indices with wave 5 very extended since Aug 2004). On NDX It has to be a wave Y which either starts then or in Spring 2005.... here is the NDX interpretation: rpi.edu It's not a double zigzag just three 'threes'. I thought these should really move sideways so am very tentative on this one... but can't think of a better one... I would be more inclined still to see the move from Aug 2004 as an ED - either wave 5 or C but as the NAS has reached a new high I can't see how the NDX is going to go higher at this juncture. The problem is in interpreting what happened since Jan 11. An opening diagonal and a wave 2? I see NDX trend as already down. The others are still up possibly...