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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Henry J Costanzo who wrote (131813)	4/11/2006 10:18:28 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

"Entities should not be multiplied beyond necessity" Nice, MC. Hard to disagree... ;) No particular disagreement with your Occam counts either. There is one level which represents critical support for your count - and the failure of which may also signify a breakdown of some of the ED counts which have been finding their way onto these pages -- and that is 1268.42 on SPX, the March 3 low - and the start of your latest "1" in the (putative) series of 1's and 2's. Below that level we would have the first meaningful lower low.... and, if the index would fail to rally to yet another new high, and would decline and make a second deeper low instead... man, then we just may be having us a new trend..... ;) But, chartist jokes aside, it does look like the March low must hold for the bullish scenarios to remain viable.