Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (48235)	8/16/2000 5:49:26 AM
From: Arik T.G.	of 94695

O.k., So you expect a rather sharp c of 4 down to 1330-1350 area and then another limping rise taking 3-4 month to a marginal new high around December-January, and the big bear starts from there. >>the B of wave 2 returns to the "B" of wave 1(Feb 99) I guess you mean the C of wave 2 (as actually happened in Oct 99) Now how does the rest of the market looks in your EW eyes? The charts of the NYSE composite and the Naz composite look as though these markets trade on different planets. Dow is breaking up from a year long diamond formation, while the Naz shows very little upside potential. If we're going to get that c of 4 the Naz will surely drop to a lower low. The March-May down leg in the Naz doesn't look like an impulse any way I look at it, but the drop from 7/17 to 8/2 does so very much. So, I guess the Naz is in 2 of ending diagonal, and will perform as follows: Up to 4000 to complete c of B of 2, down under 3500 but not under 3000 to complete C of 2 (together with your c of 4 for the SPX), then up to start the 3 of ending diagonal. Do I make any sense? ATG

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