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

To: Death Sphincter who wrote (15799)	4/8/1998 2:41:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 94695

Carl Thank you very much for your input. I do basic TA. I know nothing about waves. My read of David's post was that Wave 2 would take us back close to 1124.70 on June S&P. Do you agree that that's what he says ?? Do you disagree with David's analysis that Wave 2 will take us that high. ANd is it your anlysis that wave 2 came and went without much of a move and we are now in Wave 3 which will be HUGE down move and will last till Monday ?? Once again thanks for your input. ratan

To: Death Sphincter who wrote (15799)	4/8/1998 2:56:00 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 94695

Hi Carl, I do not consider myself an expert in TA, but the tools I use say we are close to big trouble. This market has been trading below any expected trend that should be up even if slightly. It is my opinion if we break 1100 on the S&P this is a "red-red" flag and if we break 1095 or so we should see a violent sell off. In my analysis a rally to 1124 will not reverse this current trend which is down. In my opinion we need to take out the old high to reverse the current down side risk. Unfortunately I am not an expert and can not see in the future.<ggg> Joan