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Strategies & Market Trends : Waiting for the big Kahuna
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To: bobby beara who wrote (25518)8/28/1998 9:27:00 PM
From: jef saunders  Read Replies (1) of 94695
 
bobby, i looked at some charts back to march.
did you notice that no bear drops (even since 7-20)
lasted no longer than 4 days, save 1 ??

and that 1 ended on the 5th day.

how long do you expect the wave 4 monday rally to last?
as long as it takes to get to 1055?

whether it's wave 4 up of A down, or whether
it's wave 1 up of B, makes no difference, the
target is the same.

the difference comes afterwards, whether it's wave 2 down of
B up, or wave 5 down of wave 3 down of A down...you'd
expect the latter to happen faster, and more severely ?

thx,
jef

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