Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Paxb2u who wrote (24317)	8/14/1998 4:29:00 PM
From: Bull RidaH	Read Replies (1) of 94695

Peter, I do believe we'll have a sizeable rally once this 5th wave down ends that started Thursday morning around 9:50am. The most likely timeframe for the 5th wave down to end is Tuesday afternoon, but I'll be looking for help from the 5 day Trin to confirm that wave 5 has concluded (should see the 5 day Trin go 6+ when it's over). And yes, we will have a strong rally that will probably take the indices up on a 50% retracement from the July 20 high to the wave 5 conclusion point (which could be between 960 and 1032 on the SPX). Good Luck!! David

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