Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Barbara Barry who wrote (16271)	4/14/1998 4:00:00 PM
From: Bull RidaH	Read Replies (12) of 94695

AHOY MATIES!!! That wave 2 of 3 was the big kahuna!! forget 3 of 3... just kidding. Wave 2 of 3 was much more elongated than I or probably most people expected. Both A & C's internal 5 wave patterns contained extensions, which extended the duration immensely. But I feel confident that I have identified the termination of A & B, with C in the process of winding up. Wave 2 of 3 began around 1:04pm yesterday at the 1108.50 level on the June S&P's. Wave 2 is comprised of 3 waves, A,B, &C. A of 2 of 3 looks to have terminated at 9:58am this morning at 1121. Wave B looks to have ended around 12:00 noon today at around 1120.50. Since then, the market has meandered up in C, and was scheduled to complete around 3:40pm give or take 20 minutes. So according to this count, we should be ready for 3 of 3 down momentarily. I continue to believe it will be a powerful and sweeping move down, sweeping us last few putholders back to health by expiration. If we don't see the move start down by tomorrow morning, then that would lead me to believe that something is incorrect about the larger degree wave count. David

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