Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Death Sphincter who wrote (17958)	5/5/1998 3:43:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 94695

Carl, the Dow lead the market in the 5th of wave 3, on August 6th, would it make cents that the Dow would also lead in the 5th of 5???. Where do we go from here in your scheme of things? Nasdaq is 90x earnings, buy now, sale of the century -ggg- bb

To: Death Sphincter who wrote (17958)	5/6/1998 12:29:00 AM
From: Bull RidaH	Read Replies (2) \| Respond to of 94695

Carl, How about the possibility of a "Zig-Zag" for the S&P futures, and an expanded flat for the Dow, simultaneously during the 4/6 - 4/27 period. You know you could make it fit if you really wanted to <g>. Thus far, price action over the past few days is working nicely in line with this scenario. You know it...I know it...and the American People know it!! :o) I believe we finished (A)down of (2)down of [3]up today, and the late day rally was part or all of (B)up of (2)down. Since (A)down took 1.5 days to complete, I would expect (C)down of (2)down to run well into Thursday afternoon, with 1106 to 1108 having a good chance of holding on an intraday and especially closing basis(If they fail to hold, EXTREME CAUTION is advised). From there, I believe we'll begin (3)up of [3] up, carrying the general markets up to new highs into the middle of May, with 1155 a minimum target. Regards, David