Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: ViperChick Secret Agent 006.9 who wrote (25187)	8/25/1998 11:37:00 PM
From: bobby beara	Read Replies (1) of 94695

Lisa, I like his count and as David and I have discussed over the last week, we are still in wave 4 consolidation/indecision pattern. IF YOUR GUYS count is correct, today's top completes wave 4 and we should NOW start the next leg down. A good target for the OEX would be the trading range to the peak MINUS the neckline. There is some other evidence that this might be the case. We made a nice right shoulder on the OEX @ 547.11 to compare to the previous peak on April 22 @548.73. Dell is showing A peaking 5th in my book and Dell was the last one to pop in May before the slide. The internets are sluggish both price and volume when compared with the jump ofF the June lows. LCOS may have made a right shoulder @ 80. Bwdik, bb PS: I have a hilarious Clinton graphic to add to your profile - WANT IT?

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