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


To: Bull RidaH who wrote (15535)4/5/1998 5:38:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 94695
 
i wish you would come out of the woodwork more often ;-)))))))



To: Bull RidaH who wrote (15535)4/5/1998 5:47:00 PM
From: robnhood  Respond to of 94695
 
Thanx for posting your thoughts David,

Should be interesting.

russell



To: Bull RidaH who wrote (15535)4/5/1998 5:55:00 PM
From: bearshark  Read Replies (1) | Respond to of 94695
 
David:

You note is consistent with Jerry Favors' report. He also uses the Bradley. However, he states that the top may be 7/20/98. He has been quite accurate since the beginning of February.



To: Bull RidaH who wrote (15535)4/5/1998 7:46:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 94695
 
I like the call- sell them stocks to pay ol' uncle sam his taxes.



To: Bull RidaH who wrote (15535)4/6/1998 1:42:00 AM
From: Investor-ex!  Respond to of 94695
 
David,

FWIW (not much!), the proprietary technical system I've developed supports your call. It predicts a DOW top last Friday or this Monday, with the first support area around 8600 within 5-10 market days, with about a 75% probability. If we break out from here, we go a bit higher, possibly to 9650. If we break 8600, there's about a 50% chance we retrace all the way to 7520 around early June.

Obligatory Disclaimer:

For entertainment purposes only. Consult your broker and/or financial planner before following any technical recommendations. :o)



To: Bull RidaH who wrote (15535)4/6/1998 10:58:00 AM
From: ratan lal  Read Replies (1) | Respond to of 94695
 
David

Yours is the first post I have seen on SI that gives axact dates and figures. Will watch with keen interest. Please post any changes as and when you see them.

with the upside break already occurring that projects the June S&P futures up to the
1141 area,


S&P already hit 1141 and topped at 1142.3.Its now at1136.70. So your projection so far is coming true. Now to wait for the afternoon reversal.

ratan



To: Bull RidaH who wrote (15535)4/7/1998 1:51:00 AM
From: Vitas  Read Replies (1) | Respond to of 94695
 
Hi David,

I would like to research the diamond pattern further. What dates
should I be looking at?

Thanks,

Vitas



To: Bull RidaH who wrote (15535)4/7/1998 3:50:00 PM
From: RealMuLan  Read Replies (2) | Respond to of 94695
 
David:
Your prediction seems quite similar to this one from Roger's 1998 Short Picks thread:

To: +Roger A. Babb (6435 )
From: +Kip518 Tuesday, Apr 7 1998 7:32AM ET
Reply # of 6467

Roger, Marc Faber (Hong Kong) was a guest analyst on CNBC Asia this morning. After speaking about big trouble ahead in Hong Kong market & (of course) Japan, he was asked about his outlook for the U.S. market. He answered "it is dead within 6 months." He expects a 50% collapse. Implication -- don't buy the dips.

Kip

(P.S. when asked what will cause or contribute to the break in the U.S. market Faber answered, we will be surprised but it will be the rise of the Yen).



To: Bull RidaH who wrote (15535)4/10/1998 11:21:00 AM
From: Trader X  Read Replies (2) | Respond to of 94695
 
I find that the S&P held support at 1100 nicely.

I don't buy into the 10% correction in 7.5 days theory. If support continues to hold, I'm looking for a sharply higher week ahead, propelled by the techs as they begin to lead the market.

Not the I don't believe there will be a correction forthcoming, but I think that correction is destined until this summer, at least post May. Massive inflows into the funds may be a catalyst, and the strong bond market underpinnings lending support. I think the bond market will have to fail before this bull market does.

X