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


To: Bull RidaH who wrote (47619)5/26/2000 1:16:00 AM
From: Death Sphincter  Read Replies (1) | Respond to of 94695
 
tell ya what I see on todays action......I see 5 waves down from 5/16 to 5/22..for A....and I see sideways for B...and I see 5 waves down starting this morning and this is only the 1st one........
5-3-5 zigzag wave 3
if this leg is the same length as the 5/16 to 5/22 leg, it is 10,000 time

must go above the 10,550 area to kill it.

this will be an intense move if it plays out and will get us down there to critical mass....a break of Feb low on DOW should mean 9000 DOW and our old buddy 1190 SP...

by the way....if the econ numbers tomorrow cause a flurry...
say durables surprise way down, and glue inventories are at all time lows.... and the glue heads jump on board I'm grabbing something NAZ like for a runner to 3700 the second it looks like the DOW will break that 10,550 beginning of 1 of 5 down read

Barking Dogs