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Strategies & Market Trends : Waiting for the big Kahuna
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To: Paul Shread who wrote (33930)11/18/1998 12:43:00 PM
From: Death Sphincter  Read Replies (2) of 94695
 
it is based primarily on Elliott Wave Theory.....and the 1000 points is actually conservative.....it is a guess, based on probability and if anyone says that their TA, whatever form of TA they are using, is anything more the a probablility guess, they are not being honest with themselves......i prefer EWT
if i am guessing correctly that this is the highest probability scenario then the current down wave has the potential of a 2000 point drop
i guessed on July 19th that a large drop was starting the next day
i guessed incorrectly on 8/11 that there was going to be a 700 point rebound up to be followed by a 1600 point drop back down...it never made it up 700 but it did follow with a huge drop.....do i get 1/2 credit for that one?

i guessed on Oct. 8th, and posted here within a few minutes of the bottom, that a huge wave up was starting that would go to at least
+8500, when the FED did the surprise cut it stuck a bag full of glue on the markets head causing it to hallucinate to a higher level

on the 28th i guessed DOW 9000 was taking off

on Nov 6th i cautiously guessed INCORRECTLY that the top MAY have been met or that there was still one more thrust with the FED meeting still to come

i am just a lucky guesser

carl
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