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

To: RWS who wrote (17543)	4/28/1998 3:08:00 PM
From: ratan lal	Respond to of 94695

RWS When you get the chance, please summarize all the possible waves and indicate whether they are up or down. Others amy also start getting interested in EW and we may have a discussion going on leading to a consensus that is (hopefully) more accurate than the indicidual reads of EW. Thanks ratan

To: RWS who wrote (17543)	4/28/1998 4:23:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

RWS, I agree with your count. It's still remotely possible we are in wave 2, but the probability will continue to decline with each passing minute, and a break of 1086 on S&P futures and 1080 on the SPX cash would probably seal the deal for wave 3 being underway. With so much time to go on the options, and with the correction due to wrap up well before expiration, I don't have a problem holding puts/short contracts overnight, especially when it's impossible to pinpoint the start of 3 down with 100% certainty. Thanks for your excellent contributions, and for keeping the thread aware of alternative reads. Maybe Duke WAS the school to go to. :o) Regards, David