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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (26299)	9/3/1998 7:49:00 AM
From: Arik T.G.	Read Replies (1) of 94695

Great post, David. Voting it for post of the month. I have the same count from the top. Only very minor interpretation disagreements in my read: 1. I support the intraday read that the small c was completed yesterday as my chief scenario, with the secondary scenario that we only completed a. To my aid I bring the speed this crash is going at, much faster from the top then '29 or Hang Seng '97. Then you have the 1 of 3 of A lasting just over 4 days, and a 1 1/2 days 2 of 3 of A looks just about right in comparison. Also the divergence from the intra day moving averages at the end of the day (and probably today's open) were too big to be only a small b. And finally look at the wavelets of yesterday's trade from the midday top- fast.quote.com Clear 5 count with the 5/3 ratio like the 3/1 ratio and the 5 of 5 missing (gap down today of about 7 OEX points). 2. It could very well be that we have completed a 220 years cycle (from the south sea bubble and independence of the US), and what you refer to as the A could be only 1 of A! Now whose the greater bear? >>Glad to say I fired the canon today on puts, not at the peak, but close enough. Me, too. Started collecting the OEX Sep 480s the day before, after I sold them ATO @18 (they reached 24 an hour later) averaging 10.3, and opened the sack today averaging 8.2. Will probably sell some today ATO to be on the safe side (I'm so heavily loaded with puts it scares me), and use same $ amount to buy deeper OOM around 11:00 am (NY time). Good luck and god help us all. ATG

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