Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (21098)	7/7/1998 9:41:00 AM
From: SE	Read Replies (1) of 94695

This will complete Intermediate 1 up, and we'll be in for an intermediate 2 correction afterwards. Since Intermediate 1 up will have lasted nearly a full month, I expect Intermediate 2 correction to run at least 2 full trading weeks. It's depth is impossible to determine at this point, but if it lives up to typical Intermediate wave 2 corrections, there will be a sharp 30 to 50 S&P point selloff in there somewhere. Well....here we are. Absolutely amazing! Great call and now that we are at the end of Intermediate 1 up. Ready for intermediate 2 correction. Can you now possibly shed some light on the depth of this correction and its starting point? Thanks. -Scott

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