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To: Henry J Costanzo who wrote (133054)	5/24/2006 6:17:09 PM
From: Shack	Respond to of 209892

Alive and kicking my contentious friend.-g As for the SPX wedge off the Jan 3 into the May highs? I don't really see a debate mc, t'was a perfect 5 wave overlapping contracting wedgy thing-a-ma-doodle. GOOG is intriguing, does it put in a brother up to the March move now? Sure wish it had closed that March gap. I hear ya on the trendlines, but corrections are bound to break them, even if the larger trend is up. Actually if you draw an up channel on CME starting with last June's swing high as the first point, the stock bounced at the lower line today. As for new highs, if this recent SPX decline has been a C wave, and the volume sure supports it, then we will most certainly see them.