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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Death Sphincter who wrote (53749)8/23/1999 10:57:00 PM
From: Bull RidaH  Read Replies (3) of 86076
 
Poop Chute,

How bout that little 5 waver from Thursday's 3:30pm lows finishing up at today's highs??? Here's my take:

That little 5'er was wave C of 4, with A of 4 beginning from 8/10's low and B of 4 (expanded flat) beginning from 8/16 noon's highs. That of course makes wave 4 a zig-zag, and it looks to have alternated with a flat wave 2 that began from the 7/23 late day lows, and completed at the 7/28 2pm high.

So that would mean Wave 5 would need to see at least 1295 SPU9 to meet the 70% guideline, and i think that's about all we'll get out of it due to the major weekly cyclical lows that were due in the week before last.

Cycle signals recommended selling the high of the day Monday, which proved to be the close... So I'd like to see the NYSE hold below yesterday's high to maintain this scenario, or I may have to cover shorts and wait for 1350 to get taken out.

You rockin some world?? What does your nowhere to nowhere analysis say?? <g>

BRH
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