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

To: Bull RidaH who wrote (47593)	5/24/2000 2:47:00 PM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

b waves on 1 being poorly defined is kind of common. but the thing does have the right look...and the SP did adhere to the trendline of the formation with a slight averrun on the proposed 5. these things are rarely as clean cut as that one last year on SP and NYSE that we should use as the textbook model....actually, without going back and looking, wasn't the 'b' wave of 1 nondescript in that move?

To: Bull RidaH who wrote (47593)	5/24/2000 2:56:00 PM
From: Death Sphincter	Respond to of 94695

what bugs me is the DOW...as I have them in the same count on this part of the correction. This ending scenario should make progress with each wave and the DOW hasn't gotten back to that 10,293 level yet, while the SP has penetrated its equivalent. kind of pisses me off as I want the DOW,SP,NYSE and NAZ to follow each other and I wanted to pick up a couple of June QQQ calls at right about 70 for a bounce to 80-82 as NAZ bounces to 3400ish. Trying to skin a few extras to go along with my short side holdings