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

To: Bull RidaH who wrote (47455)	5/16/2000 12:19:00 PM
From: Death Sphincter	Respond to of 94695

Yes and Yes....I would love to feel wildly bullish, I have felt for years that there is SO,SO,SO much money being thrown at the market that it is strictly supply and demand DEMAND!DEMAND! DEMAND!, throw out Fundamentals,PE,Reason just throw that money into the market. I think this explains why every serious correction ends in either failed 5th or shallow diagonal 5th. If this is corrective here, as it well could be, then I anticipate another one of those type endings. I'm watching those levels you stated Filthy

To: Bull RidaH who wrote (47455)	5/16/2000 12:36:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

incidently...the SP from 5/5 high down to 5/10 low I was tracking as an ending diagonal. One point where I firmly disagree with Prechter is his contention that the 5th of an ending diagonal is NEVER longer than the 3rd. I don't believe in his absolutes and have made ending diagonals my "major" in wave voodoo 101, I almost always see 'spike' 5's that briefly thrust thru the trend of the diagonal. I am also starting to believe that there are diagonal 1's???? God Forbid, what blasphemy. I'll keep that one that one to myself. Pagan