Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (47620)	5/27/2000 2:04:00 AM
From: Death Sphincter	Read Replies (1) of 94695

David....things are getting convoluted here. not so much bigger picture but now picture. You and I know what that bigger picture ending diagonal means, but these diagonals have sharp wild reversals in each direction. You were stating the other night that the 5/22 to the open on 5/25 could be wave 4 of the guy coming down from May 16th. The way this thing is developing that could be it, don't throw that away! watch the next day and see if this thing peters out in a diagonal fashion with DOW holding 10200 and SP 1350ish?....this could complete a semi-complex ABC down from 5/1 and set up a good rally point. initially you were seeing an ending diagonal thingy 5/23-5/24 on SP....though not textbook perfect it certainly can fly. it could also set up that 5-3-5 zigzag wave 3 nasty of a diagonal down from 5/1...to do so i say we need to reverse hereabouts and double top around 1410 SP...then head south. do something for me with your software....draw a trendline off the bottom of 1994 connect 1998 low and tell me were the DOW and SP figure in now....me thinks DOW around 10200 not sure of SP, i think these come into play here...let me know. Next 2 days should tell a lot. tanks C

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