Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: bobby beara who wrote (29036)	9/26/1998 4:46:00 PM
From: Thomas C (Hijacked)	Read Replies (1) of 94695

BB, now that is my kind of post! I was beginning to think that you were throwing in the towel on the whole 1929 scenario! Your post is what I have been thinking all along...especially the wave counts, 1 and now finishing 2.... tc >We are possibly just completing the backside rally, like 1929, in >which a failed buy signal came in and many players started getting >very bullish in the new era issues. >One of my wave counts shows a completed wave on September 1st and we >are now in the final stages of the wave 2 mega rally. >In 1929, the next wave down was 230% of the first wave down on a >closing basis. That would put us at 4200 on a closing basis by the >end of October, before the first rally and then a retest with a >lower low.

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