Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Claude Cormier who wrote (18939)	5/21/1998 5:58:00 PM
From: Bull RidaH	Read Replies (3) of 94695

Claude, Looks like Temple is on the same wave length as RWS, Carl H., and myself in that the Primary wave 1 up ended on April 6th, and we've been in a complex Primary 2 ABC correction since, with A completing on 4/27. He's not committal on exactly where things have progressed since then, and has alternate scenarios that could stretch this correction out as much as another month and a half. Carl & I are leaning towards C having begun on 5/14, with 1 of C ending on 5/16, and 2 of C ending at todays highs. So we're looking for 3 of C to continue the selloff that began today, with the selloff lasting as much as 7.5 more days. But we need to see 1115 taken out on the downside before this read can be verified. If it continues to meander around inside this coil for another day, I would have to consider Temple's read of an ABCDE wave formation completing before the correction comes to completion. Thanks for an interesting site! David

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