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To: Henry J Costanzo who wrote (135460)	8/10/2006 1:54:03 PM
From: tjkong	Read Replies (1) \| Respond to of 209892

There's a slight Wave 1 & 4 overlap on 7/27 (a couple of points). Too slight to void the count IMHO.

To: Henry J Costanzo who wrote (135460)	8/10/2006 2:15:34 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

<<.leads me to look foe a subdivided 3 up in progress since the 21st..>> Well, that's more bullish than moi, but I sure can't invalidate the count. Plus, it still seems that big up is the contrary position here, based on sentiment and such. That said, if you look at the SPX daily from teh June low... well, that's hard to count as anything other than a 3 wave move up, followed by down.. then up. The down retraced a lot, too. Also, if that was the 1 of 3, I'd've liked to see better volume on the updays, in particular. I won't stand in front of a iii of 3 up, of course, but it's not my favorite thought right here.