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

To: Chip McVickar who wrote (48932)	10/18/2000 10:30:32 PM
From: Death Sphincter	Respond to of 94695

Chipster......nothing wrong with the guys work, but its more of the same. the vast majority of ewavers are ALWAYS looking for the crash, its always the end of the 5th, and here comes the crash....been that way since 1995, every down wave is 'the crash' or beginning of THE CRASH. Is this the crash? sure it could be. but not for me. where is the imagination in these reads? how can these guys ALL not recognize that the DOW may be completing a BIG 'FLAT' correction....big flats are commonly 4th waves, hell I can easily read it as an a-b-c-d-e triangle 4th, and triangles LOVE to hang out in 4th waves as it describes the sentiment of a 4th wave....that sentiment being: profit taking after a strong 3rd wave, then some buying that doesn't follow thru then some more selling, followed by more buying that doesn't follow thru...now we have created a 'trading range' momentum has waned, a consolidation has developed...everybody is waiting for SOMETHING to happen and in this particular time frame that SOMETHING are some less than stellar earnings announcements...and BOOM, bulls back off, bears roar as the triangle finishes off its 'E" wave with a spike.....and all the EWavers are screaming CRASH! Looks to me like SPX is finishing its 4th, NYSE is finishing its 4th. And the NAZ remains ridiculous. I can ALSO read into the crash scenario, but for now I remain looking 4ward to new highs while others are 4lorned and 4mulating crash scenarios. 4 what its worth. I remain 4ever yours The 4man (until the market 4nikates me)