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To: hawkeyefan who wrote (147082)	8/1/2007 9:19:06 PM
From: skinowski	Respond to of 209892

I think you covered it, Hawk. You are right - as far as probabilities go, I'd number your choices "1-2-4-3". The possibility (4) that today's pre-close rally was a "C" weighs pretty heavily on my mind, even though I don't think it is the most likely choice. That would be (almost?) immediately bearish. If the down impulse is completed, then the first target (for 2 or B) is the top of Wave iv - which would be yesterday's highs -- approx. corresponding to a 38.2% retracement of the decline to date.