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To: NOW who wrote (10098)	3/9/2009 3:55:06 PM
From: Perspective	Read Replies (2) \| Respond to of 41419

Well, I could certainly use a rally that lasts more than 90 minutes. It sure does count cleanly on that weekly chart. That would make TONS of sense to me, actually. I've thought all along that the mere 30 day bounce off the November low was simply too short to be the "BIG FOUR". If this comes together, it could be the 8-16 week long choppy affair I was expecting all along. Hopefully it ushers in some much needed sector rotation as well. Financials might catch a break for a little while, and consumer stuff could take another turn in the blender. `BC

To: NOW who wrote (10098)	3/9/2009 5:24:25 PM
From: Perspective	Read Replies (2) \| Respond to of 41419

This is what I see: I guess that would be (3) of "v" of 3. We may have a few more wiggles in "v" of 3, but the big message is that it is dessert for a while; the wave 4 should arrive within the next 20 trading days, and would be the bigger 8-16 week affair that I had expected back in January. Unfortunately for the bulls, Elliot says that the most likely goal is only the January highs, merely retracing the last two months' activity. Mind you, that's still potentially a 40% (!!!) bounce, one that would virtually wipe out any bear caught fully short, but it would be far from making any of the long-term bulls anywhere near whole again. It is also possible that such a bounce would only retest the breach of the support around 800, a far less lively bounce. If the bigger bounce should appear, I will recommend that those with even the very long-term perspective - 401K style investments - take the opportunity to pull some cash off the table. `BC