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

To: Bull RidaH who wrote (16255)	4/13/1998 10:20:00 PM
From: Investor2	Read Replies (1) \| Respond to of 94695

Re: "The initial one targets the 1045 area on the June S&P, and would be a likely area for Wave 3 down to complete. The final target is set at 1109, and may be a likely area for Wave 5 down to terminate. Is the 1109 a typo? If not, I don't understand where Wave 5 fits in. Thanks, I2

To: Bull RidaH who wrote (16255)	4/14/1998 9:09:00 AM
From: Barbara Barry	Read Replies (3) \| Respond to of 94695

David, I finally see your patterns!!!!No, I don't understand all the wave stuff,but even on my little tc 2000 (with a max zoom in)spx chart clearly shows your head and shoulders.But are you saying we have put in a top for now and are about to retrace as much as back to the left shoulder..then the way is clear for new highs.Or am I still in the dark???One frustration with TA for me is those "psych" indicators can really screw up the time frame...fatal to option traders!Do your charts think 1045 is possible this week??????( I could only get a low of 1052 but the when is killing me) Still trying to learn! ;) Regards, Barbara