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 (49069)	11/1/2000 7:17:21 AM
From: Arik T.G.	Read Replies (1) of 94695

There was a very clear 5er on the NYSE from 10/3 top to 10/18 bottom. I incorrectly thought 10/3 was NYSE top, but what a mistake. Now that move in your ED count was c of 4, and we're on 1 of 5 now (looks like completing 3 of 1 of 5), and that big ED 5 should end lower then 715 if it's to be smaller then the 3. But we could still be on a down trend where the 5er from 10/3 to 10/18 is 1 of 3 and the recent violent up move is 2 of 3 retracing up to 100%. If the NYSE overtakes the 10/3 high at 472.07 there is no bearish count and your ED count is the only valid one. OTOH if somehow the NYSE declines below 10/26 low of 626.9 then we're in a bear market already. Frankly, at 666 the NYSE looks more like your count then anything else. You devil <g> ATG

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