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

To: RWS who wrote (18103)	5/7/1998 2:03:00 PM
From: Bull RidaH	Respond to of 94695

RWS, My time measurements for the end of the wave 2 pullback as I discussed a few posts ago called for an end of this down move "Well into Thursday afternoon." The precise time projection was 12:50pm. The market was right on the 61.8% retracement spot from the 4/27 low to the 5/4 high at that time, and now is showing signs of bottoming. I believe we may have a bottom in place, so I covered rest of shorts and have gone 30% long. Wave requirements for 2 down appear to have been met. A move above 1108 for more than 10 minutes will bring further committment from me to the long side. Spending more than 10 minutes below 1100 will take me out of my modest long positions, and I will revert to 25% short, expanding that if we get further confirmation of more down. Regards, David P.S. Did you notice the trend ending "coil" pattern from 10:40 to 12:45pm? P.S.S MSFT below 84 seems to be a terrific buy for a several week play. What do you think?