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

To: Bull RidaH who wrote (17934)	5/5/1998 8:45:00 AM
From: yard_man	Respond to of 94695

>>rom there, I believe we'll embark on a very powerful intermediate wave 3 of Primary 3 rally that could take the June S&P to between 1155 & 1185 before May expiration.<< Say it ain't so!

To: Bull RidaH who wrote (17934)	5/5/1998 9:41:00 AM
From: bobby beara	Read Replies (3) \| Respond to of 94695

Thanks for that read, I agree with most of it. From what I've found in wave interpretation, the difficulty is in recognizing and assigning the numbers. I don't care for D and E either, didn't get past ABC in school -g- >>>>Within 4th Cycle (corrective) wave: C ended 11/13/97<<<< I would put C ending on 10/27, could you give me your reasoning behind starting it on 11/13/97? >>>>I believe we completed the 1st primary wave on April 6th morning<<<<< If this is true we have two more impulse waves that should bring us well over your Dow 10330 target.? The move from Jan 12 to April 6th looks like a nicely formed wave 3 segment and the corrective 6th thru 27th ABC pattern is a mini carbon copy of the August thru October period, which was a 4. One thing different in this corrective segment, in the rebound off the mini panic lows we went to new highs, which to me shows the strength of this move, even though the market internals are deteriorating (a/d line and heavy speculation in internets and biotechs) If my theory is right, this wave 2 correction we are in should be very shallow and be over within the next day or two, as we are in 5 of 5. bwdik, bb