Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: RWS who wrote (16173)	4/13/1998 12:23:00 PM
From: jjs_ynot	Read Replies (1) of 94695

To try to paraphrase your response so that I understand it: We are in a Corrective wave from an overall market standpoint intermediate term. We are in the final C wave of the corrective wave (CW). Within CW C there are 5 impulse waves with 1,3,5 being down in the same direction as CW C. Wave 3 of CW C breaks into smaller yet wave structure. These smaller wave structures are what is playing out currently. After Wave 3 finishes there should be Wave 4 of CW C which will be up. The timing of the start of Wave 4 has yet to be determined. Do I understand this correctly? Dave

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