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To: Henry J Costanzo who wrote (132121)	4/25/2006 2:11:21 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

MC, I don't see anything impossible about those counts. They may be correct, and we may be due for a pretty energetic rally. It's possible. I think I wrote not too long ago that that we may have a euphoric run - and, with some luck, we may even get to hear the proverbial bell ringing at the top... ;) Recently I am more or less neutral, holding some leap puts, and trading a little (lightly) from both sides. Choppy action of the sort we've seen recently could be a running consolidation before an acceleration upwards - or, perhaps more commonly, a topping formation. Got to wait and see. So far we see no meaningful lower lows - and the trend is up. Message 22388566 More later... not done yet with my work today.

To: Henry J Costanzo who wrote (132121)	4/25/2006 2:12:21 PM
From: The Freep	Read Replies (4) \| Respond to of 209892

MC -- those counts seem possible, but I have some problems with leading up to this new 1 up you've labeled. Maybe it's just that I'm wondering how to count the SPX from early January up til now. A running flat? A v of 1 with a running flat 2? It's months of chop, basically, and I don't know if it's bullish or bearish. The same, of course, is true on the Naz, though I find it a tiny bit clearer (and yeah, maybe we're in a C of 2 or some such). Anyway, clarity certainly eludes me here....