Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (53138)	7/19/2001 5:43:18 AM
From: Moominoid	Read Replies (1) of 94695

I wouldn't rely on EW, but I figured out their wave-coun tfrom the NASDAQ Mar00 peak down and it makes sense with my own TA analysis. And on fundamentals if the NAS was 400 in 1994 and you get a 12.5% return since then for 7 years it should be 900 something now. And most NAS stocks are way overvalued. But my analysis shows up for now, but using a weekly spreadsheet and projecting a wave up to NDX=2300 out 7 weeks from now I get a sell signal then. That distance is roughly the same as from the April bottom till May top I think. And it fits with my macro-economic thoughts too. I applied for a short-selling facility here in Australia today <g> (only a few retail margin lenders allow shorting). I plan to short the News Corporation if I get the sell signal. It's my NASDAQ proxy. (you can trade QQQ options here - I'm long calls currently). I'm still long Krispy Kreme too in my US account <g>. David

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