Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ratan lal who wrote (15884)	4/9/1998 12:56:00 PM
From: Lazlo Pierce	Read Replies (2) \| Respond to of 94695

ratan, do not forget as tomorrow is the beginning of a 3 day holiday, with the markets closed, many on the floor will have left at lunch. I wonder if this will have any effect on the buy/sell mentality? Dave

To: ratan lal who wrote (15884)	4/9/1998 1:26:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Mid Day Update: This would have come sooner, but when I woke up this morning (yeah, decided to sleep in a little), my satellite quote feed was down due to an overnight storm. So I missed the first 1 hr. of data this morning, and have feverishly been putting it all back together. Market action thus far is just as I expected, with this wave 2 rally running through its paces rapidly, and spawning a 100+ rally on the day. Absolutely no surprises so far. I did decide to trade out of over half my S&P's in the overnight last night at 1112.25 in anticipation of reselling for a 10 pt+ trading profit. And for those of you who've waited as I suggested for the end of the Wave 2 rally to buy your next set of puts, I'm sure you will be very pleased by the results. Currently, we are in wave 3 of C of 2. My count shows A's 5 wave progression (which did included movement in the overnight session) to have concluded at around 10am at just above 1117.50. B was very quick and concluded at 10:58am at 1116. From there, we've been in C, and ae currently in a 3rd wave extension. That pop up you saw from 12:40 to 12:55 was 3 of 3, the filet mignon of any move. We are as I type completing wave 5 of 3 of C of the Large Wave 2 up. After its completion, we'll have 4 down, then 5 of C up to conclude Wave 2 up. This will be the ultimate put buying spot. I'll post as soon as I can reasonably say it is finished. Harpooners, man the decks!! David