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


To: Death Sphincter who wrote (16806)4/18/1998 12:52:00 AM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 94695
 
If we don't see the move start down by
tomorrow morning, then that would lead me to believe that something is incorrect about
the larger degree wave count.


well you see I dont even know enough about the waves to know where the trouble was...i just took the above sentence from his post to mean...he miscounted the waves...

whatever it was..it doesnt matter...except it would be good for him to explain for future reference for those trying to read waves

me not included because I cant even keep the numbers and the letters straight



To: Death Sphincter who wrote (16806)4/18/1998 3:55:00 AM
From: ratan lal  Read Replies (2) | Respond to of 94695
 
carl

But here is what i think is the problem: the timing. we are right in the heat of
earnings. there is, as always a $$gazillion pouring in. the index is the whole ball of
wax, in order for the index to take a big hit...


You cant have it both ways. Either the EW works or it does'nt.

You cant give justification for why it didnt work this time. The next time someone will come up with a different justification.

Then you might as well forget about EW and TA and go fundamental. Of course if FA does'nt work someone will have an explanation.

ratan



To: Death Sphincter who wrote (16806)4/18/1998 2:57:00 PM
From: bobby beara  Read Replies (2) | Respond to of 94695
 
Hi Carl, I think this is absolutely right and will continue the blow-off phase for the next week or three:

>>>Some of the big money is rotating out of those that disappoint and pouring into those that meet or exceed and this process will not ALLOW the index to crater. Since everything is perfect right now (low inflation, blah, blah, gag,puke) the earnings part of FA rules<<<<

Is there an earnings calendar on the web somewhere for S&P 500 companies, so we can pick our next blow-off spike. Microsoft has got to be a pretty good lock for Wednesday, but it pays to diversify -g-

bwdik,
bb