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To: wave3rules who wrote (134710)	7/24/2006 9:40:28 PM
From: Moominoid	Read Replies (1) \| Respond to of 209892

To clarify I am looking for a rally through Friday - 2 more days than the rally ran in May-June. May be some kind of correction on Wednesday likely wave 4 of this rally.... This is based on a forecasting model that forecasts the trend 4 days forward. Rally could last beyond that. I won't know till tomorrow :) Would be better if you could post charts as there is a lot of stuff in that post.

To: wave3rules who wrote (134710)	7/27/2006 4:35:09 PM
From: bcrafty	Respond to of 209892

wave3 For S@P watch 1245 as intial warning, below 1238 and we are power (iii) down I wouldn't be so sure about that. If SPX goes below the June 1219 low, then I think your wave iii down idea has more credence, but not until then. (BTW, I assume you are calling the 7/1 1280 high the top of the putative ii?) The way I am reading SPX is this: IMO from the May top to the June 1219 low was a completed A. It then began a B and has so far had the "a" of B which ended on 7/1 @1280, and might be ending a "b" of B today or any day now, to be followed by a "c" of B which would ideally end around the LT of the move up from the June low, which today is around 1238. If this scenario pans out I would expect a "c" of B to follow, ideally ending around 1300 (under the "a"="c" premise, approx. 60 points). stockcharts.com