Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: jjs_ynot who wrote (16201)	4/13/1998 1:08:00 PM
From: RWS	Read Replies (1) of 94695

If you stare at a chart of SPX you will notice that corrections are usually shorter lived than impulses. BTW one of the ways to help guess whether a turn is a new impulse or corrective is to use other data such as A/D, volume. Also an impulse is a five wave affair and a corrective is three waves both alternating up/down. FWIW my sell limit on my April SPX puts was filled 3/4 above limit price about 15 minutes ago. Will see if I can buy puts again if there is an ABC corrective wave up from here that approaches 1110 on SPX. RWS

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