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 (15811)	4/8/1998 4:25:00 PM
From: Bull RidaH	Read Replies (1) of 94695

Closing Update: "Plenty of Go Power" NOT!! wave 5 fizzled at 3:56pm at around 1108, and we proceeded into Large Wave 2 up, a wave that will progress in an A up, B down, and C up formation. The close rallied to 1112. A will be a 5 wave move up, so I'll probably look for a daytrade opportunity tomorrow (or tonight, if globex dips) to buy back a few contracts under 1110, then resell them tomorrow somewhere north of 1118. This Large Wave 2 up should go pretty fast, since Large Wave 1 was so extended and complex. This pushes the big put buying opportunity to sometime mid-morning to early afternoon. Will advise as I see the wave formation progress. Hope you all did well in your shorts today, and get a good nights sleep for tomorrow!! You're gonna need it!! I'm napping out for a while, and will respond to all posts later this eve. Yours, David

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