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 (37014)	2/3/1999 12:49:00 PM
From: Bull RidaH	Read Replies (3) of 94695

Scott, That run down to 1258 this morning at 8:55 a.m. on Globex was sufficient for the 5th wave down of C of 4. The selling is done for now, and we are in the 5th wave zig-zag rally from that low this a.m. This means the rally can go as high as 1258 + 47.5, or 1305.5, and must travel to at least 1284. It will probably finish sometime tomorrow, and the prior all time contract high of 1295 or so should be the magic number that halts the advance. Regards, David

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