The Naked Truth - Big Kahuna a Myth Message Board

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To: re3 who wrote (62093)	9/15/1999 4:36:00 PM
From: pater tenebrarum	Read Replies (1) of 86076

i'm very happy with today's action... the big rate cut will lead to a playable rally that will ultimately fail - IF the BK type scenario plays out. looking at the weekly candles of the spoo i'd say we have a wave 3 down beginning to unfold e-wave-wise. there is major support ahead at the 1280-1300 level - if this breaks (i think it will),look out below. wave 1 in this count is the decline from the july highs to the august lows. wave 3 should bring about a lot more excitement. hoping for a bounce tomorrow to short into...

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