Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: SE who wrote (19861)	6/5/1998 4:30:00 PM
From: RWS	Read Replies (1) of 94695

Scott I'm currently flat in reality. Bought calls yesterday and sold them too early today, but still profitable. The game short was just a flyer on a down open Monday as today was a little over-exhuberant. David may be correct. On the other hand we may still be in an extended flat wave 2 correction from April 6th which may continue another week before the excess is wrung out of the market. It depends on how high this wave goes. It may be D of 2 in which case it should end in a few days followed by E down of 2, the last wave in 2. If it's 1 of 3 then it should go higher before wave 2 correction sets in. Market is oversold but not very, technically still looks weak. I would like to see a climactic low. Sorry I can't be more certain. RWS

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