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

To: Richard J. Byrd who wrote (17490)	4/28/1998 9:20:00 AM
From: robert b furman	Respond to of 94695

RE: The trend is your friend, Globex up in A.M. CNBC says up at beginning DJI on sharp downtrend - but did not reach 50 day MA yet - sure would expect small rise and completion of at least that (8776 range) Don't know EW but sure does fit scenario now. I am hoping for a nice little rally - Will take some profits made on SEG (hope to repurchase at lower level) Not sharp enough to know what to short market with - Do download and track SPY. Anyone Have an opinion on entry point of SPY at end of wave 2 of B ?(approx 1100 to 1101 ) on sp8m (using sp8m as timing device to watch as david and ratan are obviously more nimble traders offering best specifics to observe)? Thanks all for assistance Bob Would small pop up(to retrace and cover the gap)down yesterday (would this be good entry point to short spy) - (110.3 to 109.38) ?