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

To: Tommaso who wrote (17441)	4/27/1998 7:05:00 PM
From: ratan lal	Read Replies (1) \| Respond to of 94695

Tommaso - "Let a thousand cuckoos sing!" What about the one that flew over the cuckoos nest ?? - ratan

To: Tommaso who wrote (17441)	4/27/1998 7:15:00 PM
From: bearshark	Read Replies (1) \| Respond to of 94695

Tommaso: The beginning of the decline could be relatively quiet and just feed on itself. Dipsters buy in the belief that the market will quickly go to new highs. However, with a lengthy decline dipster buying will prove to be the wrong thing to do. It is a lesson that will be learned. In regard to Elliot, Prechter has written that "The Elliot Wave Principle is a law of probability and relative degree, not a predictor of exact conditions." Edwards and Magee, in their work on technical analysis, also explain that charting can improves one's odds. However, it is not exact either. In Edson Gould's publication entitled "A Vital Anatomy", he explained that his ". . . approach to the economy is an organic one, not a mechanical one. The economy, in our opinion, is a living thing--an organism. Not a mechanical thing--a machine." He flavored his work with fundamental analysis, technical analysis, and crowd psychology. I believe all these things must be considered in evaluating the marketplace.

To: Tommaso who wrote (17441)	4/27/1998 7:51:00 PM
From: bearshark	Read Replies (2) \| Respond to of 94695

Tommaso and I2: Tommaso has asked that we not talk about Head and Shoulders. That is fine with me. In lieu of that term, I propose that we substitute "hot dog in a bun." However, you must visualize looking at the hot dog in a bun as it lays on its bun. The hot dog must be one of those plump dogs that protrudes from the bun and sits higher in the bun than either side of the bun. As you can clearly see, we now have a left side of the bun, the dog, and the right side of the bun. Now, I do not think that today's action has sheared off the right side of the bun. If we have a rally tomorrow, we will start the climb up the right side of the bun. However, I have no idea what will happen if the hot dog in a bun has mustard, ketchup, and onions on it.