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To: elliottrules who wrote (4930)	9/11/2007 10:16:35 PM
From: hawkeyefan	Respond to of 41518

Probably will go short the NDX tomorrow. If things get going lower, this index looks like it could go the farthest. Plus there is unwinding of long tech and short financials and the Russell 2000. FWIW, I follow a volume cycle. Every 9 billion shares traded on the NYSE there is a low. Today at the close we hit the midpoint for the peak (4.6 billion shares trade since Monday's low). You don't have to hit the midpoint to start looking lower but it is a guide. Sometimes the low is short but it is always there. Low should be Thursday if everything follows correctly. Friday is day 21 off Aug 16 and day 8 and day 13 marked highs. I am probably crazy using all these cycles and a volume cycle.

To: elliottrules who wrote (4930)	9/12/2007 9:16:11 AM
From: skinowski	Respond to of 41518

Yes, this seems to be the simplest and most straightforward view. After 2 days of rallying the time proportions also seem "appropriate" for W2. The problem is that 200 points is a little expensive for a stop. I nibbled short late yesterday, will add if it rallies, and add more if it breaks.