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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (18017)5/6/1998 5:19:00 PM
From: bobby beara  Read Replies (2) of 94695
 
Carl, Coming together like poetry.

iqc.com

Check out the 5 wave move with a spike bottom 5th wave at the end of the day. This is the end of Wave 2 correction or will end shortly after open tomorrow.

Wave 3 should now bring us up 500-600 points before we get to a wave 4 rest.

The McOscillator is now around -60 and has formed a nice inverted head & shoulders with the dramatic spike bottom (needs and up move tomorrow to put in the right shoulder - this is the buy spike). The summation index is starting to arrest it's downward momentum, the market is very oversold, monthly inflows coming in, and lots of bearishness and shorts to fuel the rally. II sentiment indicators have again turned neutral to bullish (were very bearish on April 21)

bwdik,
bobby b

(I've turned bullish, better hide the kids and stuff the mattress with silver coins (forget those fiats) )

We are entering bobby beara's TULIP ZONE!

do do de de do do de de do do de de

Do not adjust the vertical,

do not adjust the horizontal,

you there is an outer limit.

: - )
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