Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: donald sew who wrote (32680)	10/29/1998 10:11:00 AM
From: bobby beara	Read Replies (3) of 94695

Donald, on an elliot basis, I believe we topped out on 10/27. The SPX made a higher high than the mo peak on 10/20 with a lower mo high and that fullfills the requirements for a competed fifth wave. EBAY shows a very clear five wave advance from 10/8 with a blow-off on 10/27. The low volitility days in here I believe are the consolidation from the reversal day before the next move down - the extent of the move??? XAU has made a nice bounce off 50% retrace. The move on the XAU two days ago would be the equivalent of 699 Dow points. bwdik, bb

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