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To: The Freep who wrote (139060)	12/1/2006 9:17:01 AM
From: Henry J Costanzo	Respond to of 209892

Always a pleasure to have one of your Socratic Freepish posts!...Challenging...keeps us on our toes...and we've had too few of them lately...vbg No doubt about it, the advance since July hard to count...Have been valiantly trying to do so..trying to make sure all the rules...alternation, overlaps, wave lengths, etc., are respected. Nor sure you've had time to follow, so taking the liberty of copying below my last read as of a week ago....FWIW Oct 26 top an interesting idea...problem for me would be how to fit that in with a reasonable preceding count...Beyond me at the moment.... Gotta run shortly, and probably not back until 11 or 12..so making this short...sparing you my usual ramblings >g>..Just add that I would also look for more up here..a la Ray..a final 5 of 5, no less...but then a larger correction than we've been used to to lately...That correction, btw, would be an interesting one, given that it would follow an extended wave 5..... but more on that later, in due course....

To: The Freep who wrote (139060)	12/1/2006 9:44:51 AM
From: skinowski	Read Replies (1) \| Respond to of 209892

Welcome back... and clarity will appear in the fullness of time... LOL. I think the crowd is becoming more sophisticated... (speaking of a contradiction in terms). But really, the behavior seems to be changing - which makes sentiment confusing... but on balance, one would feel embarrassed to come up with expecting anything more bearish than a hiccup in the bull market... which, ultimately, is a negative. Historically, one could safely hang the hat on the COT - they are unlikely to go broke. And they are short. The last two weekly SPX sticks (this week is not over yet) are indecisive dojis. The index is still playing with the upper line of a channel since Aug 2004. People gloat that the 4 year cycle was of no use, since it failed to make a meaningful low -- BUT - so many seem to place high hopes on the "impending" 4 year cyclical rally. Curious. On a different note, this girl on CNBC - Erin, I think - is pretty good looking....