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To: Henry J Costanzo who wrote (157274)	12/9/2007 1:32:12 AM
From: IHateSourCream	Respond to of 209892

Just want to say that it's great to see you E-Waving the indices again. You know I missed those E-Wave reads during your brief respite, and I was delighted to see them make a "comeback". <vbg> I always look forward to your weekly SPX charts. So thanks for sharing.

To: Henry J Costanzo who wrote (157274)	12/9/2007 8:01:45 AM
From: skinowski	Read Replies (2) \| Respond to of 209892

I have nothing against the triangle hypothesis, to the contrary, I like it. But it has become too broadly accepted. Therefore, it would be wise to keep in mind more alternatives. One obvious one, of course, is that SPX may have made an orthodox top last July, followed by an ABC-X-ABC (where X is the Oct top) -- and now, the index may be free and clear in the 5th wave since Oct 2005 -- to new highs. (Also, Oct decline, after all, may have been a wedge, an impulse). An ED from March low is still possible. An ED from the August low is also still possible. All that said, the putative triangle since July, imo, for now stays on the top.