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Strategies & Market Trends : Waiting for the big Kahuna
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To: Investor2 who wrote (17554)4/28/1998 11:21:00 PM
From: Bull RidaH  Read Replies (1) of 94695
 
I2,

RWS' explanation is great (although I disagree with the 100+ year wave count therein), and you could get a good visual depiction of what he is saying by following the link in his earlier post to the Elliott wave website.

An interesting thing to note about the severity (or degree) of this correction is that the preceding 4 of the same degree shown in my "Paradigm Shift" post didn't end until they thoroughly tested the 200 day moving average. Anybody clued in to where that is on the SPX Cash?

Regards,

David
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