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Strategies & Market Trends : Waiting for the big Kahuna

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To: SE who wrote (16347)4/14/1998 1:25:00 PM
From: marc chatman  Read Replies (1) of 94695
 
<<Now, all we need is a trigger. >>

I am not knowledgeable about EW, but does EW require a trigger for a downturn? My guess is it doesn't. I'm just thinking that if the put holders (and I hold short positions, so I too anticipated a downturn) are hoping for an external event, then they are no longer relying on EW.
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