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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (25898)	8/31/1998 10:02:00 PM
From: Death Sphincter	Read Replies (1) of 94695

David.........you stated:"The next set of targets I see, which are SUPPOSED to be for the entire move off the Spring/Summer topping process, are set down at 887 SPX/ 6800 Dow." I HEAR THAT!!!!!!! I had 2 different targets for NOW........1 based on 5 waves down from July 20th which pretty much targeted 1000..............the 2nd was ABC down from July 20th.. A being 7/20 to 8/5 or 8/11 = 133-136 pts B being sideways to 8/25 @ 1106 C being roughly equal to A....therefore 1106-136= 970 well IT GOT THEM ALL!!! I shot several rounds off at the 1st level, 1000, and interestingly enough, those calls are OK or barely nicked....PSFT, BLS............@ 970 I picked up some QWST BUT BIG regret....dumped ALL my Lucent puts before the afternoon drop.....they were very,very good to me....still left a lot on the table....... they way I see it....you can put your $$$ where your mouth is...and take a chance..or you can sit around and brag about your great calls and reflect on how you would be a millionaire if "I had only listened to myself" and put some $$ on it................. I would be a liar if I said I wasn't worried, but what the hell, take some chips off the table, put my original bet + profit in my pocket ,and make another bet are you makin any bets? Best Regards carl

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