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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (27848)	9/14/1998 10:06:00 PM
From: Claude Cormier	Read Replies (1) of 94695

<<Carl Hittle and I've been discussing a scenario where the move up from the bottom on 9/1 into the high on 9/2 was Wave A. Then we proceeded into a complex B with a of B (down) completing on 9/4's low, then b of B (up) completing on 9/8's high, then c of B (down) completing on 9/11's low, finishing up the B wave. Then from 9/11's low, we began wave C up, which would be the bookend to the 9/1-9/2 rally. With this 9/1-9/2 rally only taking a day and a half, and running 80 pts, that would have had us looking for the end of this C wave this afternoon in the 1045-1050 area on the Dec. S&P (1035 -1040 SPX). >> Why not a simple A-B-C-D-E instead of a complex ABC ? Is there a EWT rule that goes against what looks more obvious?

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