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To: Moominoid who wrote (136451)	9/14/2006 10:20:06 PM
From: Henry J Costanzo	Read Replies (1) \| Respond to of 209892

Looking at SPX wiggles from Monday...which read more clearly to me than NDX......I see 7 waves through yesterday afternoon...which I would label 1-2-i-ii-iii-iv-v... That would put today into a 4 down, with 5 up yet to come..

To: Moominoid who wrote (136451)	9/14/2006 10:48:57 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

As I recall we had a conversation about a week ago, and your weekly model was pointing upwards, and it was more or less right... is it still pointing up? I thought by now weekly stoch would become overbought. I am busy with other thing and keeping it very simple these days. If we get a good decline between now and December, I'll make money on my puts - and will look to go long. If we will NOT get a decline, then 1) my puts are kaput, and 2) I won't have quite the same confidence to look for long entries (there will be the danger that the 4 year cycle is shifting forward). The waves... would certainly allow at this time a reversal... but if last Spring's highs get taken out, then the bull market - technically - is still on. Sentiment has been mixed for some time now, and, imo, was of limited help both for bulls and bears. Btw - XLF closed today at a new all time high.