Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bull RidaH who wrote (35456)	12/23/1998 10:37:00 PM
From: Bull RidaH	Read Replies (2) of 94695

>>The following action from 11/27 to 12/15 would be labeled wave 2, and from 12/15, we would have begun a powerful 3rd wave up that could lift us to the moon (exact number TBD later)<< The first serious target is about to be achieved at 1236.3 SPX, based on the upside break of the megaphone from 11/27-12/15. We should get a nice pullback from that area (1236), and at this point, I'm not sure how long that area will serve as a ceiling. If and when it is broken, the monster climb will continue. 1193-1198 SPX will now serve as critical support, with buying dips near that area a good idea, and stops placed at 1186. David

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