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

To: ratan lal who wrote (16677)	4/16/1998 3:20:00 PM
From: RWS	Read Replies (1) \| Respond to of 94695

I would have been more comfortable responding if you had asked for opinion of anyone instead of any experts! But FWIW, it looks like since the April 6 high we have seen completion of downwave A which subdivided into 5 waves, and completion yesterday of upwave B, which subdivided into pretty simple A and B and very complex C. This implies that April 6 high was an intermediate top and that we are in an intermediate wave 4 correction. It also implies that downwave C is underway to complete the intermediate wave 4 correction from April 6th. Today we have seen the completion of wave 1 down of C, and the beginning of 2 up. I would like to see 2 up get to 1111-1115 to buy puts to ride 3 down. After 3 down, 4 up or sideways, and 5 down, intermediate wave 5 up should begin the march to 10,000 with a lot of subdivisions on the way. RWS