Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (16212)	4/13/1998 1:42:00 PM
From: RWS	Read Replies (2) of 94695

I'm looking for the ABC corrective wave (ii) up in this impulse wave 3 down of C to bounce up and approach 1110 on cash SPX. It might not happen and I might settle for 1108 or 1107. It might be a flat wave (ii) and just go sideways. My reason for looking for a bounce is that market seems more volatile and since this overall downtrend is corrective to the major uptrend I look for a little umph in the corrective waves and less steam in the downwaves. For example the corrective wave 2 of C lasted all day Thursday instead of Dave's prediction of a few hours. I don't know why. I'm just a gambler. RWS

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