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

To: Bull RidaH who wrote (15703)	4/8/1998 6:07:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

OK, for all you who are still a little nervous about pulling the trigger, you've now got some very strong confirmation that this call is correct. There's one market in Europe that won't have an opportunity to trade again tomorrow, due to a 4 day weekend, and guess what happened there today? You guessed it, BIG DOWN. The market is Germany, and they were down over 100 (2%). Think some traders there were jockeying to avoid holding longs over the weekend? One other word of warning: Overnight globex trading took the S&P futures up to 1123.70 in a 5 wave progression, just what I was expecting for the c part of 4 before the beginning of wave 5 down. This complicates entry a little, as overnight action can often fulfill wave requirements, and take away opportunities that otherwise would have come in the day. Anyone for banning all night trading? I'd like to be able to sleep during the week for a change! :o) Harpoons Ready!!! Aim!!! David

To: Bull RidaH who wrote (15703)	4/8/1998 10:26:00 AM
From: ratan lal	Read Replies (1) \| Respond to of 94695

David When the S&P's fall more than 6 points from the high they make early Wednesday, you will know that wave 5 is in motion. High today was 1123.70. Low now is 1116.50. Has the big move started ??? ratan

To: Bull RidaH who wrote (15703)	4/8/1998 11:34:00 AM
From: Barbara Barry	Read Replies (1) \| Respond to of 94695

David, WOW!Your posts are terrific.Unfortunately,I'm too dense to completely understand them.:( As I have posted to Bill,I am waiting day by day to get a signal to buy puts (I play the oex).This market looks so much like it did last at the end of the rally that started last April and that makes it difficult not to already have initiated puts.IMHO, the oex spx and dj all are starting to crack using my primitive stochastics,wilders etc. I hate buying April puts...but that is being a little greedy...because the returns would be modest compared to what one would gain by buying May puts after 4/20.Maybe Lisa can help me out with her voodoo thing and hold this market up ten more days.<gggg>My charts say a correction is imminent,but my gut says we might get a quick fake out first before any substantial correction.The psychology/insanity of this market is stronger than during last year's run and interest rates have fueled that.This is what has held me back from buying puts today.I know I probably should just go by the charts but somtimes in the past that has cost me $$ because my charts and I were right...but the market wouldn't cooperate by being stubborn that extra day or few. Am I way off base?? Thanks for all your efforts on this thread. Regards, Barbara