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

To: Lazarus_Long who wrote (16346)	4/14/1998 1:15:00 PM
From: SE	Read Replies (1) \| Respond to of 94695

In the FWIW column, first there still is time and second, I would rather have a big move tomorrow than today...as much as it pains the put holders, and finally the higher we go, the less the correction will do for us, but still a 5% correction gets us to the 1080 level on the cash....5% is a knife through butter....especially tomorrow. Now, all we need is a trigger. Anyone? Anyone? One thing this should do for sure...is put to rest David's notion that he might influence the market some....try not at all. This baby is too big for anyone person to effect, well, maybe not anyone, but any of us anyway! :) -Scott

To: Lazarus_Long who wrote (16346)	4/14/1998 1:18:00 PM
From: RWS	Read Replies (1) \| Respond to of 94695

You are absolutely right. The only usefulness of EW or any TA is to determine the odds of a bet. Anyone who thinks that EW or any TA can predict the future is confused about the difference between perception and reality. Reality precedes perception. The more tools at one's hand to perceive reality, the more likely one will make a successful bet in the market. All the contributions to this thread should be taken into account when placing a bet. There have been plenty of cautions posted in the last week. RWS

To: Lazarus_Long who wrote (16346)	4/14/1998 1:18:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 94695

Stop me if you have already heard this story, but it was told to me as if it had happened to some relative of mine years ago. He went to the races and either was, or became, drunk. He then began climbing up on a chair and announcing loudly the winner of the next race. The first time nobody paid any attention to him, and the horse won. He did it again, and the horse won. He did it again and several people put money on his pick. The horse won. He did it again, and quite a crowd gathered. They put their money on the horse, and the horse won. Next time there was a stampede to put money on his choice, many previous winners placing bets with all their winnings. The horse lost.