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Strategies & Market Trends : Waiting for the big Kahuna
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To: robert b furman who wrote (47624)5/26/2000 1:12:00 PM
From: Death Sphincter  Read Replies (1) of 94695
 
from yours:

..'Are you saying the naz must go 2700-2800 and the dow hold 9800 or do you think dow will do the 9000 critical mass number with 2700 and 1190 all singing in harmony?...'

i am saying that I can see how a last gasp rally to test the highs could develop. I can create 2 wave counts that would make sense for such a rally. In both scenarios the NAZ must hold 2700 and at the same time the best LOOK/FORM
would be for DOW to hang in around 9731-10k zone, SP the 1300-1325 zone, NYSE 600 zone...AND all of these price objectives occuring at the same time
AND sentiment indicators all showing panic at the same time

this COULD set up a last wave rally possibility

now I feel quite confident that if the naz breaches 2700 that it sets up a drop to 2000, with DOW and SP following to 9000 minimum and 1190 SP minimum.

this stuff is not going to develop overnight, and I want to keep both scenarios active in my mind.

I doubt that the ghost of that queer little midget is going to appear on my screen screaming THE PLANE!! THE PLANE!!
it is rarely that obvious, usually I end up with the old "damn it, I knew that was happening" shoulda coulda woulda
now if I walk into my kitchen late at night and see Yogi and BooBoo raiding the icebox, it WILL have a profound impact on me, I will probably quit trading while on windowpane if that happens

Far Out Man
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