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

To: Investor2 who wrote (17554)	4/28/1998 10:42:00 PM
From: RWS	Read Replies (1) \| Respond to of 94695

All waves at all degrees whether up or down consist of main impulse waves which break down into subdivisions 1,2,3,4,5 and corrective waves which breakdown into subdivisions a,b,c. The degree of the wave indicates its level in the hierarchy of time span or size. For example the present 5th degree wave started in 1994, the 6th degree wave started in 1987, the 7th degree wave started in 1982, the 8th degree wave started in 1932, while the 9th degree wave started with the industrial revolution in 1750-1850. There may be disagreement on exactly where the lower degree waves started, and perhaps some disagreement on other degrees but you can get the idea of degree from my description. Hope that wasn't too convoluted. RWS

To: Investor2 who wrote (17554)	4/28/1998 11:21:00 PM
From: Bull RidaH	Read Replies (1) \| Respond to of 94695

I2, RWS' explanation is great (although I disagree with the 100+ year wave count therein), and you could get a good visual depiction of what he is saying by following the link in his earlier post to the Elliott wave website. An interesting thing to note about the severity (or degree) of this correction is that the preceding 4 of the same degree shown in my "Paradigm Shift" post didn't end until they thoroughly tested the 200 day moving average. Anybody clued in to where that is on the SPX Cash? Regards, David