Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (33243)	11/7/1998 9:02:00 PM
From: bobby beara	Read Replies (4) of 94695

>>>and the big Kahuna might just be an explosive upward Kahuna after all.<<< GZ, I think yuu right - We already had the down Kahuna. On the NYSE we pushed above the August tops last week and retested and jumped off them. I know your knot into elliot -g-, but I believe we could have and extended fifth wave up, if you count wave 4 ending 10/28. We are in a rally off the 9 month cycle, similar to the rallies off 4/12/97 and 1/12/98. This sucker is way overbought, but the only pullbacks are flat days -g- I believe now that we did have the 4/8 year cycle low on 10/8 and even had a 24 year cycle low. In 1974 Nixon resigned. In 1998 Newt is out. I do believe we will have a nice pullback after this move, however I dont' think it would be prudent to go short (unfortunately I did a little last week -g-) until we break the uptrendline off the lows.

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