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 (15703)	4/8/1998 6:07:00 AM
From: Bull RidaH	Read Replies (2) of 94695

OK, for all you who are still a little nervous about pulling the trigger, you've now got some very strong confirmation that this call is correct. There's one market in Europe that won't have an opportunity to trade again tomorrow, due to a 4 day weekend, and guess what happened there today? You guessed it, BIG DOWN. The market is Germany, and they were down over 100 (2%). Think some traders there were jockeying to avoid holding longs over the weekend? One other word of warning: Overnight globex trading took the S&P futures up to 1123.70 in a 5 wave progression, just what I was expecting for the c part of 4 before the beginning of wave 5 down. This complicates entry a little, as overnight action can often fulfill wave requirements, and take away opportunities that otherwise would have come in the day. Anyone for banning all night trading? I'd like to be able to sleep during the week for a change! :o) Harpoons Ready!!! Aim!!! David

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