Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Death Sphincter who wrote (38011)	3/6/1999 10:29:00 PM
From: Bull RidaH	Read Replies (1) of 94695

Carl, Brilliant narrative on the prospects of a beginning diagonal, but i simply don't buy the possibility of the action since 10/8 as being corrective in nature. As the rulebook says, triple zig-zags are rare, and to be able to take stocks like CSCO from 40 to nearly 120 and MWD from 35 to nearly 100...and the whole market up nearly 40%, in a CORRECTIVE WAVE.... i just can't see it. On the S&P futures, the 12/15 to 1/11 move was from 1138 to 1296, or 158 pts. Add that to the 1217 start of the 5th wave on late Wednesday and you get 1375, which may equate to something around 1370 on the cash. The breakout of the 2 month triangle produces a number at nearly the exact same spot...1370. GZ's got'em by the nads!! i'll get my piece of tha rock on this one too though, and wish the same for your stinkiness! Stinkin thinkin, BK

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