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

To: Gersh Avery who wrote (48159)	8/3/2000 11:31:44 AM
From: Peace	Read Replies (2) \| Respond to of 94695

Yes. I am looking for an ABC up to at least 3600. Impulsive waves usually have 5 subwaves. 1, 3 and 5 are impulsive waves (down in this case).

To: Gersh Avery who wrote (48159)	8/3/2000 11:42:59 AM
From: donald sew	Read Replies (2) \| Respond to of 94695

Gersh, From the surface todays early morning down-move on the NAZ does look quite bad, but the SPX and DOW were basicly flat for the same time frame and still is. Im not saying this is bullish, I am still bearish but still seeing some more upside before the real selling resumes. As negative as the NAZ/NDX was this morning, the SPX was flat after 3 days of being up slightly each day. Thats not overly bearish for the immediate short-term. It could be a short-term top or just a pause, in light of my short-term technicals for the SPX to be in the midrange. As mentioned yesterday, for the past 5 years the NAZ has not started a sustained/multiday decline when my technicals were so low, at least not yet.