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

To: Bull RidaH who wrote (17642)	4/29/1998 11:05:00 PM
From: RWS	Read Replies (2) \| Respond to of 94695

Hi David. Your count makes sense to me. What do you base your ending of wave 3 on, the internal structure or other indications? Do you think wave C of 2 is over today? RWS

To: Bull RidaH who wrote (17642)	4/29/1998 11:33:00 PM
From: Richard J. Byrd	Read Replies (1) \| Respond to of 94695

David: I don't know about all this esoteric analysis. I enjoy reading your EW theories and I like the Fibbonacci Fibbers too. But it seems like every time your analysis proves to be wrong, you look more carefully at the past data and wonder-of-wonders, the EW theory had it just right, but your interpretation was just somehow a few days off. My predictions are perfect in hindsight too, David. As I said on this thread three days ago after the Big Selloff: < If you want to know the most likely path of the market following a <quick downturn as we had yesterday, this is it. - The market will <recover and will so it rather quickly. Buying on dips is still the <winning tactic and it has been for at least 3,000 Dow points. It hasn't taken a whole lot of fancy calculation to win for the last ten years in this market. I'd be a whole lot richer if I'd put my life savings in the S&P in 1988 and never made a trade since. The trend is your friend - Those who fight the trend do so at great risk. However, I do admire your putting it on the line and stating your prediction and the reasons why - Soo keep it up. I always read your posts. Dick

To: Bull RidaH who wrote (17642)	4/30/1998 12:33:00 AM
From: ratan lal	Read Replies (1) \| Respond to of 94695

David - I got taken out of my SP8M position at 1099 today for a small loss. But I still have my OEX PUT options. What do you expect for tomorrow ?? Thanks ratan

To: Bull RidaH who wrote (17642)	4/30/1998 1:02:00 AM
From: Death Sphincter	Read Replies (1) \| Respond to of 94695

David...I have come to a similar read as yours, i stated this to Bobby in post 17627. However, I can read it a bit differently. I, too, can see Wave 4 ending on March 27 with a quick sideways move, which would support the Alternation Theory. Then Wave 5 began, which you see as ending on April 6, however, this would require a lightning quick 2 of 5....therefore, in honoring the Alternation Theory, i see April 6 as the end of 3 of 5, followed by a more complex Wave 4 which ended on April 16, followed by 5 of 5 ending on April 22. Which puts us in the ABC primary correction....with A ending very late Tuesday afternoon. Today at the daily high we were in c of B.....I feel that if tomorrows economic news is NOT bearish that we will continue up, therefore, the high at 3:30 was 1 of c, and the sell off at the close was 2 of c, with 3 of c to take over on good news.....if the news is perceived as bearish then a break below 8928 would signal the end of c of B and the beginning of increased rope sales for all call holders(C down).......if the news is good then the c of B should continue its 5 wave climb fueled by end of the month inflows to funds and short covering......my initial guess is that it should fall short of the high on April 22, this being that A was a 5 waver and we should get a zig-zag correction. If this scenario plays out, the subsequent C wave is a potential bonanza. if you think this read is acceptable please sign below were indicated and send your check or money order to: Carnac Lafayette, Co 80026 if you do see this as legit could you give me some appropriate timetables, i'm a bit weak in that department. if you think it has a hole and I am an idiot, please flog me in public, as it is the only attention I receive. Carl

To: Bull RidaH who wrote (17642)	4/30/1998 9:51:00 AM
From: bobby beara	Respond to of 94695

David, my head is swimming with ABC's -g- Internets and bank blow-offs all look like 5th wave blow-off tops, if you look at yahoo back in September/October it made a 2nd top around October 8th when the rest of the market peaked - history repeating itself?. Timing the peak mucho tough. I see wave 3 ending April 3rd. My read is that we are now in corrective wave 4 and this is where the small caps really kick-in. I would compare Monday the 27th correction similar to October 27th 4th wave correction. Got the market bearish enough for another manic run and amazingly coincident readings on the McOscillator. bwdik bb