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

To: RWS who wrote (17715)	4/30/1998 1:50:00 PM
From: ratan lal	Respond to of 94695

RWS May 1080 Puts. I presume we are talking about SPX and not SP8M. ratan

To: RWS who wrote (17715)	4/30/1998 3:30:00 PM
From: ratan lal	Read Replies (2) \| Respond to of 94695

RWS Looks like this market is going to close higher, maybe even 200 up on DOW. Any ideas/reasons why it might go down tomorrow ?? ratan

To: RWS who wrote (17715)	4/30/1998 9:47:00 PM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

RWS, You got game!! Your holding in their today and planting your "heels" on the battlefield makes me wonder if you didn't spend at least some time on the Tarheel campus. Tutoring some I.Q. challenged students there, maybe? Or was that just your stubborn NC heritage shining through? :o) I sure as heck hope that wasn't a continuation/extension of A of 2. I prefer to believe A finished yesterday around 3:15pm, B completed in the overnight, and C of 2 was finished today. Since A was one full trading day, assuming it ended yesterday as I believe it did, then C starting just before the open today would have been due to complete by days end. The selloff after a small wedge top formed on the futures at days end provides some promise of that read being correct, and we may have already started 3 of C down around 3:40pm today. Check the haunting similarity between this action and the action from the March/April '97 correction. Note how 1 of C in that move was retraced nearly 62% before the big down of 3 of C began. The wave 2 from that move also rose above the "activation line" of the variation of the double top formation that was in play at that time. In my opinion, any move back below 1105 on the SPM in the next 3 days signifies the party has started. Be ready to throw your "Duke inculcated" primness out the window and join in with us common bear's celebration when that happens -g-. Regards, David PS where are you on this s-t count now?