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To: Shack who wrote (147733)	8/10/2007 4:56:29 PM
From: skinowski	Read Replies (2) \| Respond to of 209892

Yes - this is a very appealing count. The breakout failure may in fact be Wave 2 of the next advance. Just for curiosity, on the hourly chart the proposed Wave 1's - both in $HUI and $XAU - are impulsive, and the pullbacks are double zigzags. COT and sentiment appear to be relatively neutral - but that's hardly surprising after such a long boring consolidation. Agree that there is no need to rush. If this outlook is correct, it is likely to be a long trip.

To: Shack who wrote (147733)	8/10/2007 5:13:11 PM
From: Henry J Costanzo	Respond to of 209892

Unfinished Business: <<State of the Thread, 02/04/2006: I think one of the issues in this case may very well lie in the thread's title. It is indeed a misnomer as while e-wave remains a good chunk of what I want this thread to focus on, it is not exclusively an e-wave workspace. I will ask SI Bob to alter the title slightly. Any suggestions? THE "Clown-Free" moniker will remain however. >> I would suggest that with your return and invigoration of the thread, you give this some thought and proceed with it. I'm not the best at this sort of thing, and....no disrespect to you or anyone else..IMHO The Freep the BEST man for you to look to....but FWIW, my thoughts roughly something along the following lines: CHARTS: NO Clowns, Trolls, or Fundamentals

To: Shack who wrote (147733)	8/10/2007 5:19:10 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

This is no longer a single leg decline - this looks like a test of previous 8/1 and 8/6 lows. INDU and NDX made new lows today - but the broader SPX and COMP did not. Decline of the last 2 days... could be 1 of 3(or C). It could be "B" of a larger correction of the initial decline. It could also be (nearly?) "all" of "C". That last one would be a lot like the Feb-March decline, when we had a quick little "C" down, and... hasta la vista. To make things a little more interesting, SPX elected to close the week at its 200dma.