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To: SliderOnTheBlack who wrote (42347)	4/16/1999 10:10:00 AM
From: Gary Burton	Respond to of 95453

Slider--In a 5 wave sequence up, there will of course be backing and filling. Since we have now taken out 66.80, I just think that the next larger wave up has begun and it started from the Apr 7 low of 60.52 (not 61.48 as my prior post incorrectly alluded to). Every elliott forecast has both a "preferred" count as well as an "alternate" count. That because EW deals in probabilities not certainties. My reference to the double zigzag is one way the "alternate" count could come to pass )ie top out below 71ish and then do another abc down into the 50's). But an " alternate" count is a lower probability scenario than the "preferred" count. As of now, I think we will 'soon' take out the 71.48 and continue towards 77-80 albeit in a perhaps up and down fashion wavy fashion. If the OSX drops below where I think it should now hold, I will revise my outlook to adjust for that...Big picture wise, I like EW because it provides me with a probable 'roadmap' which allows one to anticipate. To each his own.