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Strategies & Market Trends : Waiting for the big Kahuna

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To: RWS who wrote (18424)5/12/1998 11:19:00 PM
From: Death Sphincter  Read Replies (1) of 94695
 
RWS.. boy, you are right,certainly was a drawn out 2...looks like 3 on fire this afternoon. a real juicy PPI/CPI tomorrow morning will give it the kick in the butt we have wanted. I am also concerned about the time frame now...may have to push it up to Thursday late or Friday morning for top,???? certainly would still expect a selloff on Friday afternoon. 1130-1132" might" be a logical spot for 3 to stop???? 4 should be quick and simple after a truly complex 2...that would leave time and correlative price movement for 5 to allow us to at least get to the lower-mid range of the targets we had dicussed. Sweet dreams

carl
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