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

To: Tom M who wrote (16163)	4/13/1998 10:09:00 AM
From: RWS	Respond to of 94695

Don't know wave count yet. A lot of resistance at SPX 1111. I still have my 60% put position with an itchy trigger finger. RWS

To: Tom M who wrote (16163)	4/13/1998 10:23:00 AM
From: SE	Read Replies (1) \| Respond to of 94695

I am anything but an expert, but my read is that we are in Wave 2 yet. We are in C of the ABC move, and if I recall Davids explanation correctly, A and C will typically have 5 sub-waves. My count would be we are now in 3 of 5....meaning another small down wave followed by another up-wave then Wave 2 is finished and Wave 3 starts. How quickly this happens would be David's call, but last I recall he was thinking by 1 pm today or so....I have not recently checked his post so that is from memory. Anyone else? -Scott