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

To: RWS who wrote (16470)	4/15/1998 2:28:00 PM
From: jef saunders	Respond to of 94695

RWS, i wanted to thank you and david for all your hard work. there's a lot of chatter to sift through inbetween... i'm having some troubles following the subwaves, perhaps confusing them with the higher waves...let's see if i have this right. we're currently in an up subwave 4, to be followed by a down subwave 5. these are part of an ABC correction currently we are in upwards B, which started 4/8. once wave C starts, it will be subwave down 1, up 2, and then downwave 3, which should be substantial. right? how do you determine when subwave 5 down of B ends, and when subwave 1 down of C begins ? i'm using moving averages on individual stocks, which is helping hold my leaps calls (DIS, IBM, HAL, LU, all moving up, CMB down today). i'm not so interested in where the market will be tomorrow as i am in where it will be a week from now. i think the work you are doing to call the daily activity is quite diifficult, and i'm impressed by what you've done. many thx, jef