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 (19457)	5/29/1998 12:57:00 PM
From: Bull RidaH	Read Replies (1) of 94695

Claude, Because "B" is always composed of an A,B, and C wave. The strong rally from 4/27 to 5/4 was clearly a 5 wave move up. B is never 5 waves, but a of B is. So we have a of B completing on 5/4, b of B completing on 5/7, and c of B completing on 5/14. Besides, the "A" wave was 14.5 days, so squeezing "B" into a 4 day period would be out of sync with the typical B to A ratios in this type (flat) corrective wave. Let me know if this still seems odd. Regards, David

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