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

To: Bull RidaH who wrote (47568)	5/23/2000 7:06:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

I think what will be really interesting here is when the NAZ bottoms at 2800ish if it looks real oversold with the panic etal...AND if the SPX stops right around that FEB low at the same time and NYSE 600 and DOW 9800something.... right now I have an ABC up from Oct99 to 1550 on SPX which COULD be 3 wave of 5 in an Ending Diagonal up from 10/8/98 (i could also say that wave 1 was a big ABC up from April97 to July98, wave 2 was the minicrash of 98, we finished wave 3 up as a big ABC up from 10/8/98 and this is 4 down to that old favorite of ours...1190, but I don't like the look of that scenario as much)I think 1190 will come after we make the next new high surprises me that none of the wonder GURUS of EWAVES sees an ending diagonal....they have been too busy with a 1929 crash scenario for 5 years so everybody send me your $700 a year and I'll trade with your money like they do The Stinking Liar