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To: skinowski who wrote (133509)	6/10/2006 10:29:39 AM
From: Moominoid	Read Replies (1) \| Respond to of 209892

Even after that down only wave W might be complete. So I don't think there are particularly bullish or bearish Implications. I just assume that the NASDAQ and S&P won't go in completely different directions, though one can go up weakly while one goes down weakly. And then try to figure out things from there.

To: skinowski who wrote (133509)	6/11/2006 2:31:08 PM
From: Shack	Read Replies (3) \| Respond to of 209892

Hardly anyone thinks that the SECULAR bear may be back, scratching at the door. Lets look at the SOX, the crappiest and most bearish chart for clues. Let's assume the move off the Sept 2004 low was indeed an abcde wedge, which is my favoured. That means its was likely a (B) wave (as most wedges are) and we are heading down to the now 300's in a (C) wave. If that is the case, we have every reason to be bearish right now, but it is a clue that the cyclical bull may be setting up for a C wave launch sometime in the fall, at least in the semis. This is of course measuring from the Oct 2002 low. So this bear wave would not quite be a return to the secular bear. That comes later based on this clue.