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To: Henry J Costanzo who wrote (136581)	9/20/2006 3:34:53 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Will be looking forward to examine that view... Actually, I can see how it could be possible to interpret the rally since the June low as a five-waver -- by using the concept of "running" corrections, where the overlaps would be with the "B"s rather than with the impulsive waves. Yes, there are impulses in the structure hiding in there.... But - imo - you still have a rally which is more or less contained by two converging lines, and which (still) contains overlaps.... making it (still) into an ED "suspect". The fact that the June - July rally was such an obvious "three" also makes bullish scenarios less likely. After all, whether the June rally is an ED, or a "conventional" impulse - it may still prove to be Wave "C" when counting from the July low.