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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (47542)5/22/2000 4:51:00 PM
From: Death Sphincter  Read Replies (1) of 94695
 
I'd hammer another spike into a great big Ending Diagonal that has been forming since Oct 8, 1998...maybe even 1997

look at NYSE...see it? how about SPX?
NAZ not the same...spike was a wave 3, setting up to finish
4 down (2700-2800's minimum)....5 up will fail as others make new high and finish their diagonal.

same view as I have had for over a year.

if NAZ does 2800 thing while SP holds lower 1300...then SPX has returned to 'b' of previous abc up to 1550

has an interesting look

Naz is in an ending diagonal if it hits 3400 then continues down to lower than today's low

oinking
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