Earl,
  Looks like we are basically on the same page!! Below is an e-mail I 
sent Ben back on 12/31/07. Thought process looks pretty much the same:
 
In a message dated 12/31/2007 5:32:08 P.M. Eastern Standard Time, ROSOW 
writes:
  Hi Ben!! Up in MA/CT for 2 weeks and just catching up on e-mails!! 
  Attached is my take on the S&P 500 daily chart. I'll try to get to 
  the Weekly by next week. E-wave speaking it looks like we have finished a Wave 
  (1) down move in late November. We have either completed wave 
  (2) up in mid December or are still completing a larger ABC Wave (2) up. 
  At this time minor wave 3 targets 1345 and Intermediate wave 3 
  targets 1230. See attached!
   
  Lenny
  
 
In a message dated 1/9/2008 9:03:09 A.M. Eastern Standard Time, 
eadamy@xxxxxxxxxcom writes:
  See attached chart of SPX. 1374 and 1356+- 
  are targets which stand out for me. Ultimately, I think we go considerably 
  lower.
   
  Earl