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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (15806)4/8/1998 3:17:00 PM
From: Bull RidaH  Read Replies (4) of 94695
 
Hi Ratan & all,

as i warned in my early post, wave 5 could very well run further than wave 3 (25pts.). Wave 5 down definitely began at 1123.7 in the overnight, and right now, we are in 5 of 5, and it's still got go power! As i stated, i wouldn't be looking to cover shorts unless we break 1100 on this move down, and i'm still holding originals plus additional shorts from 1123 last night. Wave 2 rally is being delayed by this extended 5th wave down. Will update when i see an end. Skeptics of wave count: u really want to doubt it right now?

Best to all!

David
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