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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (35173)12/11/1998 3:50:00 AM
From: Bull RidaH  Read Replies (2) of 94695
 
CarLIAR,

Me cheat? and here YOU ARE, openly condoning and endorsing a wave 4 that runs stops below 1150, overLAP DANCING in the process with wave 1's ending!!?? Sniff what???? Hahahaheheheh... ;o)

Yes, the Flat Corrective Wave 4 scenario is certainly feasible, and it's immensity in duration would be a nice fit after the straight up and very simple wave 3. Plus, Wave 5 would absolutely torture the premature bears who shot their...eh....well....who committed to longer term puts too soon. Mercy bowkoo for pointing this scenario out, as it is one that i was not planning to innoculate myself for.

As for 1200ish on a subsequent wave 5 rally, not even you have enough glue supply on hand to clear 1192 by more than a couple points. <ggg>

Regards,

Greedless
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