Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: ratan lal who wrote (17580)	4/29/1998 12:40:00 PM
From: RWS	Read Replies (2) of 94695

I was asked about the degree wave that initiated in January. We are in IV down of that wave. IV down subdivides into A,B,C. We are in C down. C down subdivides into 1,2,3,4,5. We have either ended 1 down and begun 2 up, or we are nearing the end of 2 up. David's read is we are in next to last wave of 2 up. That would be B down, which subdivides into a,b,c. He thinks we are starting c down of B down now. In my opinion that is one of the two best reads. The other is that v of 1 down ended and 2 up is beginning. In any case there will have to be some kind of hellacious news to stop this correction. Wave 3 down should start Thurs or Fri. Have you read the EW educational link I posted to you. What do you think of it. RWS

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