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

To: Stcgg who wrote (49008)	10/23/2000 4:08:11 PM
From: Death Sphincter	Read Replies (3) \| Respond to of 94695

in the Spring of 1999, during the big runup from Oct 98, I first posted here that there was the good possiblity that a large degree Ending Diagonal forming on the SP. That was 1.5 YEARS ago. At that time I stated that IF,IF,IF...this thing was to develope then the SP should go to the 1420-1430 area and then reverse down to the 1210-1250 area,AND HOLD. that is exactly what happened. From that point, I stated...IF,IF the diagonal was to play out picture perfect, then there should be a rally from 1233 to 1500+, this was a guess based on 1st wave of diagonal being from 922-1420= 500 points, and a guess on a shorter 3rd wave with minimum of .618 of 500= 309 points, therefore targeting 1233+309= 1542.......now thats pretty damn close and should be the end of the 3rd wave of the diagonal the 4th wave of the diagonal should return to around the "B" wave of the 3rd wave of the diagonal, which is the 1300-1325 area. I June/July of this year I posted this scenario repeatedly here, with 1300-1325 target and 1360 absolute minimum now this thing has been nearly picture perfect for 1.5 years ...should I abandon this count now?????? IF,IF,IF it is correct then the 5th wave of the diagonal will be less than the distance of the 3rd....300 max points, putting it in the 1600 area. guess I'll just have to wait and see, won't I? Stinking up a storm so far