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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (17582)4/29/1998 11:55:00 AM
From: Bull RidaH  Read Replies (3) of 94695
 
Ratan,

You're exactly right. The window was pushed out to 12:00 noon for this b of B wave up to complete itself due to the wave progression inside of "b". But noon looks very good for the downturn to begin, and I will now push my cover point for shorts to around 10:30am Thursday.

In the meantime, 1097 is holding very well as I thought it would, and I wouldn't be too worried if prices pierce through before noontime. Trades above 1099 past 12:10pm would pose a problem, and I will lighten up if this occurs.

Regards,

David
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