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


To: donald sew who wrote (17774)5/1/1998 10:19:00 AM
From: SE  Read Replies (1) | Respond to of 94695
 
OK ... question for all the wavers out there. I have a service that believes we are in the five wave pattern up to take the S&P to 1142.4, the monthly up-pivot. The April 3rd top was the wave three and the price action since was wave 4 with us now in wave 5.

Any concurrence with this read???

-Scott



To: donald sew who wrote (17774)5/1/1998 11:55:00 AM
From: William H Huebl  Read Replies (1) | Respond to of 94695
 
Don,

Yeah, while we are consolidating, what you describe should hold. It just depends on how long that will last... remember, I have been describing this pattern similar to that in mid-1997 so we either could have a bit more upside or chop for the next 6 months.

Bill