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 (34427)	11/25/1998 9:20:00 AM
From: bobby beara	Read Replies (1) of 94695

Donald, The McCllelan Oscillator dropping into negative territory would be a sell. I've been re-evaluating the wave counts from the 10/8 lows. There are many similarities in the tape action from the cycle low on 1/12 to 4/23 mid-term top. Wave 1 ended on 10/20 Wave 3 ended on 11/6 This was the breadth/momentum peak of the move Wave 5 is topping out soon. During wave 4 and 5 we saw the action in the internets, of special note the small fry internets - during this cycle. There has been a change in leadership during this move. The boxmakers and Microsoft have been followers, while the Internets have taken the title by storm. The AOL/NSCP blockbuster deal could be a good topping (at least short term) bullish news story. RUT has failed to follow thru as of yet and make a higher high from 11/6 - nor has DELL. bb

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