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Strategies & Market Trends : Waiting for the big Kahuna
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To: robert b furman who wrote (46511)4/1/2000 12:12:00 PM
From: Death Sphincter  Read Replies (2) of 94695
 
Well, Bob you weren't far off with the 'drop off the face of the earth' comment. A minor health issue turned rather nasty and knocked me down but good. Unfortunately I can't report that it had anything to do with anything as appropriate as painful rectal itch, spastic colon or an acute attack of gas comparable to the Hindenburg.

Haven't paid much attention to the market over the past couple months but am taking a lookie see now.

as far as from an ewave look I can make a pretty good case for the following:

the NAZ started an explosive 5 wave diagonal wave up in early January (5 ABC movements)
the first ABC wave up being from early Jan. to the late Jan high
followed by wave 2 down, an ABC down to the end of January

followed then by a 3rd wave up (ABC) to the early March high

which would mean that since then, we are in an ABC 4th going down and we are,perhaps, in the 4th wave of C now and the 5th down would take the Naz down to lap into that wave 1
ABC of early January (4200's-4300)....that would be appropriate and textbook for this read

all this would be followed by a powerful large ABC up 5th to new highs above 5000

the DOW and S&P could be following step with 5 wave movements up from their late Feb/early March lows

I would much like to see the NAZ return to that 4200's-4300
level, at which time I would feel comfortable rolling the dice on a substantial long position

PS...David and Arik, hope you read this post and consider it a reply to your messages of a while back

still stinking like a sebaceous cyst
Carl
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