I love these kinds of friendly discussions - great way to learn
http://andromeda.rutgers.edu/~jlynch/Writing/e.html
Quote:
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(In electronic communication it's sometimes convenient, even necessary, to run them together, since line-wrap can be unpredictable.) Second, and more important, is the number of periods. The ellipsis itself is three periods (always); it can appear next to other punctuation, including an end-of-sentence period (resulting in four periods). Use four only when the words on either side of the ellipsis make full sentences. You should never use fewer than three or more than four periods, with only a single exception: when entire lines of poetry are omitted in a block quotation, it's a common practice to replace them with a full line of spaced periods.
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Later he goes to adress House Styles
Guess it all depends on who you're trying to please (or is that whom)
Paul