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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (15615)	2/16/1999 4:19:00 PM
From: Bull RidaH	Read Replies (2) of 44573

Scott, I have to assume the ewave i gave you on B.K. is correct, and we're squarely in the middle of the 5th wave of A down that began on 2/11's close. We saw Wave 1 of the 5th end on Friday's late day low, wave 2 of the 5th end on today's high, wave 1 of 3 of 5 end at 2:05pm today, wave 2 of 3 of 5 ended at the close, and now we're ready for the 3 of 3 of 5 collapse on the open tomorrow with Dell's Debacle. Sure hope you're short!! Still recommend covering shorts at tomorrow's lows and going long into expiration. Regards, David P.S. Minimums for the move down still the same (1224SPX minimum - 1193 maximum). Anything below 1200 SPX or 600 OEX is a screaming S.T. buy. Stops for buy - ins should be set at 1 tick below tomorrow's NYSE comp lows.

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