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To: Henry J Costanzo who wrote (137598)10/18/2006 10:21:06 PM
From: skinowski  Respond to of 209892
 
One mighty bearish count would be if we envision INDU as completing an Ending Diagonal starting from October 2004 (wave 4 low). The entire advance since the 2002 lows clearly looks like a proper five-waver.

That's not a market call - we've been through too many of them - but definitely, I think, a viable hypothesis... for now.