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

To: Death Sphincter who wrote (16824)	4/18/1998 3:44:00 PM
From: Temple Williams	Respond to of 94695

The Greatest Bull Market in History ... continues. The action on Friday turned both my Preferred Count and my Alternate Count on S&P Cash into "bullish" mode over the next few weeks. "Preferred and Alternate" is not a "bull vs. bear" setup. They are "most likely" vs "next most likely" ... and so they can be bullish together, bearish together, or they can be on opposing sides of the market. If you want to go directly to the website that shows a lot of this stuff graphically, here's the address: skansearch.com It now seems certain that S&P cash will join other major indices in the pursuit of new all-time highs. My Preferred Count will take longer to get there, first registering a drop to the 1080.00 Cash SPX level before rocketing higher. The Alternate Count launches to higher ground almost immediately. I am often asked how I choose the Preferred over the Alternate Count (particularly since last week the market followed my Alternate count so closely). Answer: there are always other T/A indicators which make me lean more towards one than another. I try, very hard, not to let any personal bias enter the picture. If the market says I am wrong, and demonstrates I am wrong ... I am wrong. It's never, however, a matter of a slight throwover or deviation. The market can move 5 or 10 index points outside the "map" and still not kill the count. One of my subscribers suggested I have a "brick wall" line on the charts ... and I think that's a *GREAT* idea. I am going to try to figure out a smart way to do this in the next five trading days. Back to the question on "How do you decide what's Preferred and what's the Alternate?" I just happen to have a perfect example for Monday's market. There is a powerful Wolfe Wave that is *almost* in place. A pop up on Globex on Sunday night will turn on the sirens for a potential trade. If the market moves higher on Monday's open and then falls back below the 1-3-5 trendline ... the trade is on. Remember, it must reverse and move back below the trendline. You might want to review the rules on the Wolfe Wave at skansearch.com ... This Wolfe Wave "agrees" with the current Preferred Count. It is one major reason why I lean towards putting the current Preferred charts in the #1 Position, with the Alternate charts in #2. The home address of my free website is skansearch.com

To: Death Sphincter who wrote (16824)	4/18/1998 3:49:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Carl, IMO we are in 5th wave blow-off of the 5th wave of the 5th wave. Just looking at all the shooting stars. The mania is at a fever pitch. The DOW is making a nice rising channel out of the recent lows. The MM's are chasing anything that flys to desperately catch up with the averages they are way behind. They don't need a big surprise a penny or two is fine. Look they didn't sell TXN or Intel on bad report. If you follow summation index, we are way off the July 97 peak internally showing the rally is getting narrower. MM's that aren't in the indexes are way behind. Lots of them are out of biggies like Intel and lots of chippies and all the money can't fit in Yahoo. When Dow hits 10,000 there will be a giant sucking sound as MM's start taking money off the table. Won't need a big event, just a match company to topple this Yahoo (Dell does report on May 19th and they are the last computer company that is standing). By my guestimate stock option jaded earnings are probably at 50-80x if used 87 accounting methods. Buy the dip on Monday! bwdik, bb