Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Arik T.G. who wrote (27705)	9/14/1998 4:18:00 PM
From: Claude Cormier	Read Replies (1) of 94695

<<Conclusions: To decide between the E counts- The market needs to take out Wednesday's highs (SPX 1028) to nullify the bearish wave count. Bearish flag- The market needs to take out Wednesday's highs to nullify the bear flag formation, but any significant up trade will takes us over the median between the perpendiculars >> Something I don't understand ATG, We went above last Wednesday high... Still the bear flag formation looks intact to my novice eye.. the line connecting the highs and parrallel to the line connecting the lows has not been penetrated. It looks like the flag is now completed and we should be heading lower... with 2 of 3 of 3 finally over. At worst we could move slightly above today's high in the morning tomorrow and then start 3 of 3 of 3. Comments ?

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