Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: SE who wrote (36982)	2/2/1999 10:26:00 AM
From: Bull RidaH	Read Replies (1) of 94695

Scott, As i just posted to Robert, if 1262 falls, the 5th wave may already be in. These 4th wave selloffs in an ending diagonal pattern are always gruesome, and are designed to trick you into thinking the up move is over and a new downtrend has begun. The key trend line that must hold now is the one that connects the 1/25 low with the 1/27 low. If you're tracking futures, set the 1/27 low on an intraday chart at 1243 at the very end of that day, cause globex saw that for a low. That trend line comes in at 1265.50 now as we speak, and is giving support to the market so far this a.m. Regards, David

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