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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (47065)4/23/2000 9:29:00 PM
From: Death Sphincter  Read Replies (1) | Respond to of 94695
 
The way I see it right now????

Big bull wave up from 10/08/98...a 5 waver.....

S&P------4th wave completed with lows of October 1998...5th wave then started, with 1 of 5 completed with March 2000 high
and current slide is wave 2 with 1325 a reasonable area to complete, certainly could go below if things get wild.

DOW-----completed it's 4th wave with the sell off into early March, then started it's 5th of the big move up from
10/08/98 and we are currently in it's wave 2 of the 5th....
IF SO...IF SO>>>then this decline should not go below the low of early March(beginning of wave 1 of 5th), so a resonable landing at 10Kish? Then 3 up to a test of the 11,750

Meanwhile the NAZ is the bad boy and I still smell 2800ish and a wild ride down there. and speaking of smelling

YOU KNOW THAT I STINK REAL BAD AND THAT MY OPINION COULD BE NOTHING MORE THEN A RANCID EASTER EGG FART

but you already knew that

FuMekIng



To: robert b furman who wrote (47065)4/23/2000 11:38:00 PM
From: Bull RidaH  Read Replies (2) | Respond to of 94695
 
Bobby B,

I think the sphincter needs a shower, shave & haircut, and that we have seen the bottom of this move down.

Off the 10/98 lows, we had a large scale wave 1 up to April 13 '99. We completed a large scale wave 2 at the 2/25/00 low. From that point, mega huge wave 3 began, and 1 of 3 ran into the 3/24/00. the 2 of 3 correction has completed its ABC formation, with A of 2 finishing at the low on 4/4/2000, B of 2 on the high of 4/10, and Big daddy C of 2 backed that thang up into the 4/17 (last Monday)low. We are now in a 3 of 3 of 3 rally, with 1 of 3 of 3 of 3 completing on 4/19's high, and the pullback from Wednesday's high we're now in being 2 of 3 of 3 of 3.

Get ready for a rally of utterly magnificent proportions when 3 of 3 of 3 of 3 gets going, but only buy stocks that have cleared the highs they made last week... And only buy them if their key index has also cleared its high.

Regards,

Hittlefied



To: robert b furman who wrote (47065)4/28/2000 11:29:00 AM
From: Bull RidaH  Read Replies (1) | Respond to of 94695
 
Roberto,

I took profits today on Naz in last 30 minutes. Thinking there may be some choppiness and pullback into next week? One in the hand .....!! <g>

Regards,

David