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To: Henry J Costanzo who wrote (138311)	11/7/2006 4:18:45 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

I am talking about the (SPX) rally which started from last Friday's low. It is a three-waver. The first leg ended (imo) yesterday around noon time. It was followed by a running correction, and the next leg up (presumed 3 or C) ended at today's high. My point was that this second leg up is shorter than the first one - therefore, if this structure is destined to become an impulse, the odds are that the next leg up will be short. Again, these are very short term considerations... just a few of ongoing observations.

To: Henry J Costanzo who wrote (138311)	11/8/2006 3:32:21 AM
From: The Freep	Read Replies (1) \| Respond to of 209892

OT/ In regards to that Barron's piece predicting the election results, I guess one has to say that "this time, it's different." Go figure. Now we have to see how the market reacts to the power shift (and level of the shift isn't even fully decided as I type this). Futures mildly down as if no one is really sure yet if this is good for the markets or not. (And ON topic, perhaps the past few days was a C wave up of B of an ABC off the top. That'd mean a C down to come, but probably not much lower than last week's low. chop chop chop)