Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (47792)	6/7/2000 2:52:00 PM
From: Bull RidaH	Read Replies (1) of 94695

You've got... Netcom!!?? <g> Your scenario looks good, but I believe you may be mentally underestimating what this B wave is capable of. Off the March peak, Wave A down to the 4/14 low, a of B to the 4/26 high, b of B to the 5/24 low, and now c of B underway. Wave rules say c can be no more than 2 times the size of the largest of a or b in a flat corrective. wave a of b was the 143.54, the larger of the 2, so we could have a 287.08 SPX rally off the 5/24 low of 1361.09, yielding a potential rally to 1648.17. Expanded flat sound good to you? And... We just triggered another cycle inversion buy signal, just taking out yesterday's highs. Smooth sailing up until next Tues on the cycles now, with a stop under today's low. You long & strong? Regards, glue ridah

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