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To: skinowski who wrote (134057)7/3/2006 1:02:21 PM
From: Henry J Costanzo  Respond to of 209892
 
FWIW...I see R closer to 1300...and 3 up from Jun 14 should end around there........before 4 down kicks in and the 5 to new highs is launced...
All per this chart posted last week....




To: skinowski who wrote (134057)7/3/2006 1:07:53 PM
From: Henry J Costanzo  Read Replies (2) | Respond to of 209892
 
PS....If Friday was the 4 down, as you say.....you're positing a wave 3 up SHORTER than the 1 up from Jun 14..

Possible, of course.......but not likely...??



To: skinowski who wrote (134057)7/3/2006 1:25:56 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
PSS...Extending my comments........

Could agree with your count....BUT on the basis that the wave 5 that would "last through Thursday" would complete wave 1 of 3 up from the Jun 14 low....That would, of course, be more bullish than I have been projecting..

(Refrained from proposing that earlier in order to avoid any suggestions, as posted by someone last week, that I'm being "clown" bullish here....LOL)



To: skinowski who wrote (134057)7/3/2006 2:02:18 PM
From: Henry J Costanzo  Respond to of 209892
 
EDIT....DELETE....Typo in chart needs to be corrected........sigh



To: skinowski who wrote (134057)7/3/2006 2:34:56 PM
From: Henry J Costanzo  Read Replies (3) | Respond to of 209892
 
Sorry delay..interrupted...gg

Here's the corrected chart,,,,

Rain/thunder back.....sigh




To: skinowski who wrote (134057)7/5/2006 10:00:24 AM
From: skinowski  Read Replies (3) | Respond to of 209892
 
Hmm... in the wiggles that fifth seems to be nearing completion.

SPX is trading under the wiggle lows of the last 2 days. Confirmed - it's done. The index is - at the very least - correcting the entire advance from 6/28.

(Sorry for the wiggle talk, but, truth be told, it isn't as if this thread would be too overcluttered....)