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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (17541)4/28/1998 2:58:00 PM
From: RWS  Read Replies (2) of 94695
 
My best GUESS is if we go over 1092 cash we are in C of 2 up with potential for more.

If we stay at or below 1092 then we are in ii up of 1 of 3 down.

It seems that at all degrees of trend those wave 2 (or ii) bounces have a tendency to be very strong, so I'm a little leery and take most of my losses on them.

RWS
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