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To: Henry J Costanzo who wrote (131807)	4/11/2006 4:13:31 PM
From: Shack	Respond to of 209892

I'd say I "find the current market action bullish".... I actually should qualify my response, I would say that the larger-term bullish patterns are all still in play on the indices. Near-term is my only question.

To: Henry J Costanzo who wrote (131807)	4/11/2006 6:02:51 PM
From: venividivici	Read Replies (1) \| Respond to of 209892

Well, after much consultation of the charts last week on my part, I started to agree with your count, at least in the sense of a iii of 3 of something. Would you mind telling the market to cooperate right quick? I'm holding some calls that would benefit mightily from a strong move up! I'm assuming this is a 2 of something, and I know wave 2s within impulses up are supposed to make bulls become prone to self-doubt, but this is ridiculous.

To: Henry J Costanzo who wrote (131807)	4/11/2006 9:23:54 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

$SPX, $COMPX, QQQQ, $SOX Ever faithful to my word..as you well know, Freep(g)....I take pleasure in presenting new updated charts suggesting "the current market action bullish" as I indicated this afternoon... What I am showing here is what strikes me as the simplest, most efficient, EW count describing the action of these indexes/ETF since the lows of approximately one year ago. Note that these counts are quite different from the various "ED counts" I was promoting here for some time...I continue, however, to consider the lows of April 2005 as initiating Waves V up, from the major lows of late 2002..(except, of course, for the $SOX, which has a completely different count up from the 2003 low ).... If you won't mind, I think it might be appropriate to label this new count as my "ORC"......my "Occam's Razor Count"...LOL ............entia non sunt multiplicanda praeter necessitatem..... home.twcny.rr.com