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

To: William H Huebl who wrote (13336)	1/20/1998 12:18:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

Bill, Yep, should work out to an average of 12.5 or so SPX pts. (or roughly 100 dow pts.) per wk. for the next 26 weeks. Will be spectacular! But watch out, as of Mon. 12:12, we already have 7.62 SPX pts. in the bag for this wk. The move will make us all feel on a longer term basis just as we did in July/Early Aug. about the tremendous 5th wave rally (one degree smaller than the big 5th we just started on Nov.13th) that ran from April 20th into Aug. 8th. Imagine experiencing the July '97 rally for nearly 6 months in a row! I absolutely hate it for the shorts! They'll have absolutely nothing left! Futures players who go long and then pyramid (stack) will make fortunes (I'll certainly be among them, Lord willing...). After the rally runs its course, I would anticipate the market trading in a 3000 point range for 4-7 years, with 10300 the top end and 7000 the low end, with a strong longterm rally ensuing thereafter. Short term (next several days), at 4.07 we are currently overbought according to the 5 day trin (a measure of cumulative 5 day closing Trin). When this number nears 4, usually it's a sign that a 3-5 day pullback is in order. I will view this pullback, (if and when it comes), as the last chance to buy the market measurably under 8000 (for the next 9 months anyway) on the dow. We are nearing the accelerating portion of the very first part of this 6th month move, so I will not push it on my next entry point (Absolutley do not want to miss being FULLY LEVERAGED for this move). Just looking for the ABC correction to start and finish, and for the 5 Day Trin to come back into a neutral (5) or moving towards oversold (6) area. It doesn't HAVE to do this, however. If we get the kind of month you discussed in some of your earlier posts about the market looking as it did last April before the huge rally that ensued, we could step into a steady climb where we remain overbought on the indicators and oscillators for an extended period of time (weeks). Good luck with it, and hope you got your horns with sharp tips on, because it's time to gore the bears for a while. Get'em now, because they'll be extinct in a couple months...

To: William H Huebl who wrote (13336)	1/20/1998 2:55:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Bill, A quick follow-up to my last post: The small-degree ABC correct I was looking for to jump in after actually ended at 10:30a.m. (with a truncated C, a STRONGLY BULLISH SIGN). I've been hurriedly putting my positions on since( Yeah, I guess I might have been behind part of those buy programs you guys were talking about @ 1:30pm.) This is 3 of 3 of 1 of 5! You Elliott wavers know what 3 of 3 means, right? Look out folks! The stampede is on! I think we'll go well past 1000 on the SPX in the coming days/weeks! Good luck!